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Revised Return

VAT (Legacy) 282 views 6 replies

Ravi kiran yadav

assistant auditor

165 Points Posted on 29 September 2016

Gud eve sir/madam ...

Usually we used to make vat returns monthly monthly to the commercial tax department later if we found any mistakes we vl do revised returns f that particular month .That revised returns possible only before 6 months beyond we cant but in tax audit case we vl make vat audit nd rectify now my querie is if a client not come under tax audit if he wants to revised his returns beyond 6 months wat is d option left with him

Replies (6)

PRAVIN VADNERE

AUDITOR

115 Points Posted on 29 September 2016

can you explain, what you want to alter in revised return

Ravi kiran yadav

assistant auditor

165 Points Posted on 30 September 2016

I missed to take some purchas nd sale invoices

PRAVIN VADNERE

AUDITOR

115 Points Posted on 04 October 2016

you taking it next returns period

Ravi kiran yadav

assistant auditor

165 Points Posted on 04 October 2016

Yes sir what shall I do

PRAVIN VADNERE

AUDITOR

115 Points Posted on 07 October 2016

basically if you're taking it next returns period but same financial period so that tax credits not mismatch between your supplier and return filling by you

Lalit Pandey

Indian Business Researcher

313 Points Posted on 08 October 2016

Dear Ravi,

If a client wishes to file return which are not under tax audit, here is , can refer for further:

Revise Return will not change Net Credit Carried Forward (OB for Next Month). NCCF for current month and OB for next month will remain as per original Return. (If revise return is allowed to change NCCF for current month and OB for next month, in that case NCCF and OB will get changed for next 6 months and dealer has to file revise return for 6 months and department has to approve all these 6 Revise Returns. It will be heavy burden for dealer as well as department. Hence it is decided that Revise Return will not have any impact on NCCF and OB for subsequent months. Any impact of Revise Return has to settled for that month ONLY) - Clarification on Revise VAT Return, Date: February 8, 2013, APVAT.

It can be more clear from particular state law of client, as per white paper.