QUERY ABOUT FILING VAT RETURN 231 ... URGENT

CA. ANiRuDDhA RAthi (CA) (554 Points)

22 April 2010  
DEAR SIR
 
my client has exempted sales and purchases from backward areas
 
HE HAS TO PAY VAT ON PROFIT OF EXEMPT SALES
 
for eg. is exempt sales are Rs. 200000 and exempt purchases are
Rs. 150000, then he has to pay vat on  50000 (2lac - 1.5lac) at 4%
 
MY QUESTION IS HOW TO AND WHERE TO SHOW THIS FIGURE OF VAT PAYABLE IN RETURN i.e. FORM NO. 231
KINDLY TAKE BELOW EXAMPLE AND ADVISE ME WHERE i.e. IN WHICH BOX I HAVE TO SHOW WHICH FIGURE
 
example
gross sales         500000
net 4%                200000
vat on above         8000
taxfree                92000
exempt sales     200000

PURCHASES
gross                    350000
net 4%                  100000 
set off on above       4000
taxfree                     96000
exempt purchases    150000

VAT LIABILITY
vat collected                           8000
LESS : set off                          4000
ADD : VAT PAYABLE ON        2000
EXEMPT PROFIT 4% ON
50000 (200000-150000)
VAT PAYABLE (8000-4000+2000) 6000

KINDLY ADVICE ME HOW TO FILL ABOVE FIGURES IN FORM NO 231
THANKS A LOT

regards
aniruddha rathi
aniruddha.rathi @ gmail / rediffmail / hotmail . com
9423575556
thanks again