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Vat Return file

This query is : Resolved 

04 August 2010 Dear sir

from 1st april 10 the vat rate has been change from 4% to 5% in maharashtra and according to that we charge the tax, but those material sale in march 10 which received return back and we issue the credit note @ 4% tax so this will be consider in this and how to calculate the tax amount

pls guide me


Thanks you

Nitin kadam

04 August 2010 You need to revise the VAT return for Month of March-2010 and issue 4 % credit note

04 August 2010 sales return is your input vat. take 4 % input vat credit. and when its sold charge full tax.




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