We have imported machinery and it is not shown in monthly vat return. Now Sales tax enforcement have asked us to bring the invoices and bill of entry for cross verification. In the company the earlier accounts staff who was handling was of the opinion that Imported machinery are exempted from sales tax hence not shown in the return. Now kindly advice how to handle the enforcement officer and consequences to be faced for not showing the import in the return.
Thanking you,
N.Nagarajan Palani, Tamilnadu, Mobile NO: 9442594927
CAclubindia
