Sowmya S (CAO) (214 Points)
17 September 2012Dear Sir/Mam,
I have already filed VAT Return for the month of Jun-12 within the due date, but now I have recieved some of the purchase invoices of Jun-12, now what should i do??? I know v can do revised filing within 6 months, but is there any other way out? Is it ok if i account those Jun invoices in the Jun month oly, while filing annual return(i.e., VAT Form 240), i'll disclose in the reconciliation.
Plz let me know what i have to do now??
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 17 September 2012
When is the physical inward of the material. If it is in the current month than even though invoice is dated jun you can show in the current month returns itself.
Regards
Dayananda
Sowmya S
(CAO)
(214 Points)
Replied 17 September 2012
Mr.Dayananda K N,
Is it k if i account those invoices in the month of Jun itself, & i'm not going to do revised filing now, while submitting the VAT 240, i'll show that??
DAYANANDA K N
(ACCOUNTS EXCECUTIVE)
(575 Points)
Replied 17 September 2012
According to me accouting now in the month of Jun'12 is not wise move. Your s books and your return values will not tally for the month of Jun'12 in that case. You may have option of showing in VAT240 (which i am not aware) but this will show up shortcomings in your system to department. This may open up some other problems.
Is there any problem in accouting the bill for current month? and also what is the value of VAT credit invloved?
Regards
Dayananda
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