Save Rs 499. Go Ad-Free with CAclubindia Pro for 2 Full Years. Subscribe Now!

Sales Returns and Purchase Returns in Punjab VAT-15

1299 views 3 replies

BDS Sandher

38 Points Posted on 21 February 2011

My query is about row no.(f) under "Sales Details" & row no.(j) under "Purchase Details".

Both are stands for Sales returns,Cash /trade discount & Purchase retuurns , Cash/trade discount respectively in VAT-15 of Punjab Value Added Act , 2005.

According to me these sales returns & purchase returns stands for both with in state sales returns & inter state sales returns but Tally Solutions are not satisfied with me and they are only consindering, with in state sales returns for row no. (f) udner sales details and with in state purchase returns for row no.(j) under Purchase Details.

now I wants to get Expert Opinion in regards to this.

Please also provide me any guidlines or notification by department relates to my query.

Attached File : 47 vat 15.doc downloaded: 212 times

Replies (3)

BDS Sandher

38 Points Posted on 22 February 2011

Please reply

Nitin Grover

1228 Points Posted on 23 February 2011

Dear Sir

in my views also its only within the state because for interstate purchse you can not claim tax benefit and for sales there are diff form and that tax is for other state.

so its only for intra state

Regards

BDS Sandher

38 Points Posted on 24 February 2011

Dear Sir,

What about VAT-20, in VAT-20 we have to show all the sales returns and purchase returns in the same row as there is need to tally VAT-20 with Profit & Loss A/c.

if we show with in state sales returns and with in state purhcase returns in VAT-15 then we have to declare diff in vat-20 for interstate sales returns and interstate purchase returns.