18 October 2011
A firm started its business on 1.7.2011 in Punjab and got its VAT regn No. on 25.8.2011. It made a retail purchase and sales bill during the period 1.7.2011 to 25.8.2011. I want to know whether these bills will be included in the VAT return? Whether on retail sale bill before regn, it has to pay VAT? Also, In the field of quarter (In Forms 23,24,18,19,15 and during e-filing ) what is to be mentioned? From 1.7.2011 to 30.9.2011 or 25.8.2011 to 30.9.2011
18 October 2011
Ms Seema Singla, When a dealer makes a turnover of sales above the exempted limit all the sales are liable to VAT.So, declare all the sales done ,before and after registration,immediately after getting the TIN no and pay the tax.In the return mention the dates from 1-7-2011 to 30-9-2011. MJK
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