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Query related to vat return

Gargi Ranade (CS) (619 Points)

09 July 2009

Dear All,

(under MVAT)

I am about to file vat return for my Company and for the very first time the situation has arised that in Box no.7 of form 231 overall purchase is positive but tax free goods specified in schedule "A" is negative (box 7k).

Kindly tell me how can I show such negative purchases .

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4 Replies

sitaram (Executive Accounts) (136 Points)
Replied 09 July 2009

Their is no negative purchases u entered wrogly pl check

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Gargi Ranade (CS) (619 Points)
Replied 10 July 2009

Respected Sitaram Sir,

Thanks for answer.,kindly help me as I am new in this field .

Here we are mentioning net effect of tax free purchases i.e. Purchases -purchase return we have taken in to consideration purhase return effected during the month and hence return pertaining to last months purchases are also reflacted here ,in that way our purchaes are falling short as returns are more.

kindly help me to solve my query regarding how to mention such amount.

j c lavanya (accountant) (24 Points)
Replied 22 July 2009

can any one help me . is there any revised for the a part of output tax of a month is not shown. one year went of . please help me in this aspect. now what is the procedure to file a revised return on it under tnvat system.

subramanya (Professional) (907 Points)
Replied 23 July 2009

Originally posted by :Gargi Ranade
"	Respected Sitaram Sir, Thanks for answer.,kindly help me as I am new in this field . Here we are mentioning net effect of tax free purchases i.e. Purchases -purchase return we have taken in to consideration purhase return effected during the month and hence return pertaining to last months purchases are also reflacted here ,in that way our purchaes are falling short as returns are more. kindly help me to solve my query regarding how to mention such amount.	"