Basavaraju.B.R.Gowda ( Student) (186 Points)
14 August 2010hi
Under e filing of VAT returns there is no provision to claim/deduct Sales Returns, where we have charged 4% VAT ,It is not possible to deduct from 5% Turnover,
Moreover the efiling software doesn't accept negative values if we show returns as negative under 4% Turnover Column
how to go ahead with filing.
kanagaraj
(CHARTERED ACCOUNTANT)
(793 Points)
Replied 15 August 2010
Dear
How can you show negative sales? Is it possible for negative sales? If you sell a product for (-) figures,would it any meanings?
CAclubindia
