Dear All
After searching on this topic, I could understand that in case of purchase returns, C forms are to be issued for net amount.
But the problem is when Goods purchased in One quarter are returned in another quarter.
For e.g.
|
Purchases |
Purchases |
April to June 14 |
100 |
|
July to Sept 2014 |
|
100 |
Goods purchased in April returned |
|
-10 |
Interstate purchases shown in VAT Return |
100 |
90 |
C form to be issued in Quarter 1 = 90 (Net)
C form to be issued in Quarter 2 = 100.
While issuing C form, the Sales tax department compares C form application amount with the amount shown in return. It does not match in this case. What to do??
Thanks in advance.