Mr.X is started business in the month of september 2010 but he has not registered with KVAT. he is applied for registration in this month. My Query is, if he get registration certificate in the month of November,how to file VAT monthly returns for the month of Sep, Oct & Nov 2010. is i need to consider the Credit sale/purchases of Sep, Oct & Nov month?
20 November 2010
3 months prior to registration, K VAT credit shall be taken & file the monthly return.Your net VAT payable shall be after adjusting the available credit.
20 November 2010
That means from whih month we have file return, if it is from november shall we considered last two months salaes and purchases or only november sales/purchases has to be shown pls clarify.
For example September sales 200000/- purchses 256000/- October sales 215000/- purchses 236000/- November sales 225000/- purchses 246000/-
21 December 2010
That means from whih month we have file return, if it is from november shall we considered last two months salaes and purchases or only november sales/purchases has to be shown pls clarify.
For example September sales 200000/- purchses 256000/- October sales 215000/- purchses 236000/- November sales 225000/- purchses 246000/-
CAclubindia
