Vat Audit

kamal (Accountant) (51 Points)

02 January 2010

If We have not taken Any Vat Credit thenit is required to saw a purchase details in Return and Vat Audit Report?

Reply
Follow
Share

2 Replies

Jagdish Bhalia (Practicing CA) (453 Points)
Replied 02 January 2010

No, Not required. But you have to give reason for differences in Purchases as per books and as per Return.

Reason for differences.

Diff. due to Purchases from Unregistered dealers/dealers registered u/s 3 (2) or 5/Exempted purchases.

however the above differences have not effected inputr tax credit.

kamal (Accountant) (51 Points)
Replied 21 January 2010

Thanks For Reply

If We have not Taken Any at Credit And Also we can Not Taken Purchse Figure In Vat Return.

It Is Compulsary to show the Purchase Figure In Return?????

Start a New Discussion