Hi,
I have a query which i hope u can answer. the query is:
During the second quarter of 2008-9 i.e. during the period of 1/7/2008 to 30/9/2009, a machine was purchased from outside Delhi but due to inadvertence, the same was shown as local purchase and 1/3rd
VAT claim was accordinly calimed in VAT return.
NOW
During the second quarter return of 2009-2010 i.e. 1/7/9 to 30/9/9, again the 1/3rd VAT on same was claimed.
HOWEVER in Mach, 2010, the said mistake has been detected.
MY QUERY NOW IS:
1. The selling interstate dealer is now asking for C--Form towards the purchase of machinery by me . Can I apply for issuance of C-Form with VAT Officer?
2. In case i am not eligible for getting the C-form
, how much tax and interest I have to pay. the value of machinery was Rs. 8000000/- and tax was paid at the time of purchase @ 2% in the hope that C-form will be issued?
3. Shall I file revised return for 2nd quarter of 2008-9 rectifying the mistake of claiming 1/3 input VAT? If yes, what will be the tax implications?
With Warm Regards,