You have to revise the returns of those months in which difference is found
The last date of filing revised returns in 31st december
After revising ur returns only, u can fill form 704 (Vat audit report)
Nimish Jain
(Internal Auditor/CA final student)
(240 Points)
Replied 19 January 2011
You have to revise the returns of those months in which difference is found
The last date of filing revised returns in 31st december
After revising ur returns only, u can fill form 704 (Vat audit report)
Nimish Jain
(Internal Auditor/CA final student)
(240 Points)
Replied 19 January 2011
U are supposed to pay the difference in vat or can claim refund/carry forward as per the case may be.
If u don't revise the return, u might get a notice from the sales tax authorities regarding the wrong calculation of vat payable and if u revise after the due date, interest/penalty shall be imposed.
Nimish Jain
(Internal Auditor/CA final student)
(240 Points)
Replied 19 January 2011
Changes usually come when retention is not take during filing of original returns
Retention is the decrease in eligible set-off of various "other than machinery assets"
CAclubindia
