30 January 2016
One of my client made CST sales @ 2% in the year 12-13 & 13-14. Some of the parties fail to give C-forms. Sales are made outside Maharashtra & VAT applicability rate is 12.5%.
Can anyone tell me how can i calculate Interest for that balance 10.5% liability.?
30 January 2016
You can fill in the template of Mvat audit Form 704 showing tax paid and tax actually payable. The system will calculate interest automatically. (worksheet C forms not received)
Later on you can raise a Debit not on your client for the differential tax liability and interest
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