Praveen.S (Accountant) (47 Points)
16 June 2010As per Karntaka vat CST rate changes from 12.5% to 13.5% from 1st Apr.2010. But we have wrongly Issued the sale invoice at old rate 12.5% in last month Apr'10. And we have submitted monthly vat return also.
Now What we do?
Can we change the Sales Invoice issued in last month? or What can I do?
Pls.......... Advice....................
CA. Shwetank Vats
(Chartered Accountant)
(653 Points)
Replied 16 June 2010
Issue supplementry invoice in current date for differancial @ 1% vat under given reference of old orginal invoice
Murthy B.C
(Excise Officer)
(141 Points)
Replied 16 June 2010
Hai Praveen
U donot worry about already issued invoices, because u r April selling goods is March month goods.
any body Deptartment people asking u , u tell that goods is opening stock of April 1.
If u are not satisfied this u can workout remaing 1% tax . and remit to the department and file the revised return with in six month form April.
sagar
(Chartered Accountant)
(131 Points)
Replied 16 June 2010
why don't u revise it ??
plz correct me if i m wrong...
Tarun
(CA Final Student)
(89 Points)
Replied 16 June 2010
Debit note can be issued ...
Plz correct me if i am wrong .... !!
Ranjeet
(Accounting)
(43 Points)
Replied 16 June 2010
Dear Frnd,
You do not need to do anything else just calucation the short paid TAX for the april and revise the return and attached a reason of revising the Return that you have made clerical mistake which is now rectified, otherwise if you do not deposit the TAX it will invite the bigger problem.
Bibhuti Bhusan Das
(Financial Analyst)
(144 Points)
Replied 17 June 2010
Dear Parveen,
First of all issue the debit note to the customer for balance 1% VAT & deposit the same amoun with one month Interest to Sales tax dept. & simultaneously revise the return immediately.
Rgds
Bibhuti Bhusan Das
| Originally posted by : Bibhuti Bhusan Das | ||
 |
Dear Parveen, First of all issue the debit note to the customer for balance 1% VAT & deposit the same amoun with one month Interest to Sales tax dept. & simultaneously revise the return immediately. Rgds Bibhuti Bhusan Das |
 |
agree with mr. BIBHUTI
narasimha rao
(accounts)
(21 Points)
Replied 17 June 2010
That's not a big issue raise the supplementary invoice and pay the tax 1%.........
venkata sreenivasulu
(Jr. Manager Accounts)
(22 Points)
Replied 17 June 2010
Dear Praveen ,
Please issued a debit note to your customer ,immediately inform to your sales tax consultant with his advise you pay the balance 1% tax amount deposited with in 1 month
all the best
regards
sreenivasan
SUDHIR & PRADEEP JI
(CA FINAL+LLB + DISA)
(2299 Points)
Replied 17 June 2010
First of all issue the debit note to the customer for balance 1% VAT & deposit the same amoun with one month Interest to Sales tax dept. & simultaneously revise the return immediately
Praveen.S
(Accountant)
(47 Points)
Replied 17 June 2010
Thanks everybody for your valuable comments.
tarsem kumar thukral
(ADVOCATE)
(33 Points)
Replied 21 June 2010
Dear
Issue the debit note to the purchaser of goods on account remaining VAT @ 1% in current date & deposit the tax in next month return, this is only solution nothing else.
from tarsem kumar thukral, advocate
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Survey, Search and Seizure under Income Tax Act 1961
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