Asif Khan (Taxation executive) (410 Points)
30 April 2011DEAR FRIENDS,
I MADE A MISTAKE IN FILING OF MVAT E-RETURN FORM, IN PLACE OF ORIGINAL RETURN I CLICKED FRESH RETURN WHICH IS WRONG AS WE ARE NOT NEW DEALERS.
WHAT CAN I DO NOW. IS THERE ANY PENALTY OR FINE FOR THIS MISTAKE. PLS ANSWER ITS REALYY URGENT
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 30 April 2011
check the return receipt, if needed revise the same now
manish khatri
(partner)
(23 Points)
Replied 02 May 2011
plz ans this that i had a income tax survey and i surrendered excess stock . income tax dept.chaged plenty from me.my question is that i have to pay sales tax on the surrender stock or not?if no then plz tell me some notification or any cases.
manish khatri
(partner)
(23 Points)
Replied 02 May 2011
i had a income tax survey & i surrendered excess stock and cash how can i show this stock and cash in my balance sheet.
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 02 May 2011
| Originally posted by : manish khatri | ||
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i had a income tax survey & i surrendered excess stock and cash how can i show this stock and cash in my balance sheet. |
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more details plx
Prateek
(B.Com(H) PGDBA CA Final)
(436 Points)
Replied 03 May 2011
Can a Individual/Partner provide loan to a partnership Firm in cash...how can we do this ...is there any limt we should consider?
MJ Krishnamurthy
(ACCT(Retd))
(7197 Points)
Replied 23 May 2011
In the case of excess stock found with you,it shows proper acounts were not maintained by you. Now it depends on how much was the excess stock,whether such stock was taxable,and how you would explain the descrepancy in making an estimation of escaped taxable turnover.You may take the help of an auditor in estimating any taxable T.O. and file a revised return.
MJ Krishnamurthy
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
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