Asif Khan (Taxation executive) (410 Points)
18 January 2011DEAR FRIENDS
I HAVE ONE QUESTION THAT IF A COMPANY IS FILING VAT RETURNS MONTHLY AND PAYING VAT ALSO MONTHLY BUT AFTER FEW MONTHS THERE ARE CHANGES MADE IN THE BOOKS OF THE COMPANY WHICH IS ALSO EFFECTING SALES AND PURCHASES OF THE COMPANY. DUE TO THIS CHANGES WHEN VAT AUDIT IS CONDUCTED THERE COMES A DIFFERENCE IN VAT TO BE PAID ACTUALLY AND VAT PAID AS PER RETURNS MONTH WISE.
WHAT IS THE SOLUTION FOR THIS DIFFERENCE AS PER THE ACT.
Pankaj Arora
(Learner)
(3134 Points)
Replied 19 January 2011
question is not clear which type of changes made in book?
Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 19 January 2011
Revised ur return or dont claim Input Vat on new purchases added by u
GOPAL SHARMA
(Service)
(129 Points)
Replied 19 January 2011
File the revised return of sales Tax as per u r books.............because per audit point our books of accounts should be tall with Dvat Return.
NARENDER PAWAR
(CA final Student)
(337 Points)
Replied 19 January 2011
it should be revised & deposited difference amount of vat with the sales tax authorities.
Manoj
(CA in Practice)
(37 Points)
Replied 19 January 2011
You should revise the return at the time of annual filing and pay the differential amt, if any.
And also make sure that the invoices should me made available in case of claiming excess VAT as compared to monthly return, as such types of cases are more considerable at the time of assessment.
K P BHANUSHALI
(PROPRIETOR)
(512 Points)
Replied 19 January 2011
You should file your revised VAT returns and accordingly remit difference of VAT to govt.
Otherwise also at the time of VAT Audit this procedure will have to be followed compulsarily.
Take your view
Regards
praveen
(Chartered Accountant)
(6971 Points)
Replied 19 January 2011
revise the returns ASAP and you will have to pay all the differential taxes along with the applicable interest and penalty.
Make sure you dont obtain any benefits due to the changes you have made.
As regards the VAT Audit as you would have paid the differences and revised the returns you should not be getting any differences now.
@*CS Siddharth Bumb. *
(B.Com, CA Final, CS )
(5270 Points)
Replied 19 January 2011
revise the return....
MUKESH SHARMA
(B.Com , MBA, CS*)
(108 Points)
Replied 19 January 2011
I Don't think that there is required to Revised return.
As per Haryana Act, Just made the reconciliation for difference of Tax Amount.
Or Can claim the Purchase in Next Month,
But there is One point in question as raise by Asif , What type of changes ??
Clear metion it.
If any Invoice not enter or Ommit to enter then you can Made the Reco at the time of Filing of Annual Return.
Asif Khan
(Taxation executive)
(410 Points)
Replied 19 January 2011
when should i revise the vat return, because its the month of january now. should i revise it now iteself till december or i should wait and file the revised vat return after march because there is a vat audit in my company next month.
Asif Khan
(Taxation executive)
(410 Points)
Replied 19 January 2011
MR MUKESH THE CHANGES ARE DUE TO CHANGES IN THE PRICE OF THE GOODS WHICH HAS BEEN ALTERED AFTERWARDS.
Love Pumreja
(Senior Article)
(49 Points)
Replied 19 January 2011
revise the vat return and it should tally with the income tax return
kapil garg
(article assistant)
(50 Points)
Replied 19 January 2011
simply pay the rest vat amount with interest and penalty
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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