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)
Difference in VAT paid
Page no : 2
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"
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