What is the differance between Form 505 & 515,
Can any one provide 157 (1) A KVAT Rules
RAJU
(LEARNER)
(1089 Points)
Replied 19 December 2008
Form 505 and 515 are delivery challans which are compulsarily required to be used for transportation of goods.
Form 505 needs to be obtained from the VAT offiicer whereas the Form VAT 515 is a self printed stationery. Certain large tax payers are being given the comfort to use 515.
TR Nagaraja
(Consultant)
(209 Points)
Replied 20 December 2008
Form 505 and 515 are delivery challans which are compulsarily required to be used for transportation of goods.
Form 505 needs to be obtained from the VAT offiicer whereas the Form VAT 515 is a self printed stationery. Certain large tax payers are being given the comfort to use 515.
CA. Raviprakash M.S
(Chartered Accountant)
(154 Points)
Replied 21 December 2008
Alos refer notification no. KSA CR 327/2005-06 dated 5.1.06 karnataka gazette, dated 26.1.06 for correct usage of forms 505 and 515
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