| Originally posted by :Samir Mehta | ||
| " | How do I reindex the data files? While going for the VAT Computation Report, I am getting different figures when taking the Period for Last Quarter, and for the Entire Year. Also, the VAT amount carried forward changes when the Period differs i.e 1st Qrtr and 2nd Qrtr. Can you suggest any reasons / remedies? Thanks in advance. Samir |
" |
Dear Samir,
The reason for different figures and Carry forward amount in VAT computaion varies from case to case.
1) Grouping of vat ledgers may not be correct
2) VAT adjustment entries may not be passed during end of the return period
One simple logic is during end of the return period ensure that your Input & Output vat ledgers are nullified. If there is any tax liability the needs to be transferred to a different ledger.
Check with above things and revert.
Subramanya
CAclubindia
