mistake in vat return

VAT (Legacy) 1611 views 4 replies

TRILOCHAN

SENIOR ACCOUNTANT

698 Points Posted on 02 January 2009

Dear All,

Pls help me, my company is filing monthly vat return, excess input vat at the end of the month c/f to next month and if payble comes in any month, it paid during the due date.

my Question is, in the month of july 2008 return, i have wrongly entered one sales invoice two times and filed the return accordingly for example invoice no 10, assessable value 10000/- so vat is rs.400, i have entered invoice no 10 two times & paid vat Rs,800/-,

now i have filed the vat return upto nov2008, now i found this mistake, what i have to do, all months return to be revise since july 2008 , or only july 2008 return to be revise and the excess of input tax to be adjust in dec2008 return.

pls help me

thanks a lot

Replies (4)

sitaram

Executive Accounts

136 Points Posted on 02 January 2009

You r file revised return from july to nov. or u r adjust the same at time of vat audit (u r paid excess amt not short amt )

R.Suresh

Sr. Executive

394 Points Posted on 02 January 2009

You have to revised the return from july onwards there is no chance to aviod because you made a mistake with sales.

So please revised the best for your accounts because the wrong entry affecting the debtors and sales figure also.

CA Parvin Ahuja

Chartered Accountant

408 Points Posted on 05 January 2009

You can not straight away revise the return in this case because you will be claiming more refund in the revised return. As per DVAT Act if the vat payable is lesser in the revised return, or refund to be calimed is more in the revised return, as compared to the original return then you have to file memorandum of objection before the appellate authority and only after being allowed you can revise the retuen.