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VAT Returns

rudram77 (Assitant Accounts Manager) (166 Points)

27 October 2008

I have Purchased(12.5%) at Rs 10,000-00 vat input value is Rs 1,250-00 in the month of April-08, Supplier has sent the goods and invoice to the project, in project invoice was mis placed and i have filed the vat returns for the month of Apr-08.

In the month of May-08 i have came accross the invoice which i have purchsed in the month April-08. Now what i have to do?

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7 Replies

praveen (Chartered Accountant) (6971 Points)
Replied 27 October 2008

Originally posted by :Prakash Reddy
"	I have Purchased(12.5%) at Rs 10,000-00 vat input value is Rs 1,250-00 in the month of April-08, Supplier has sent the goods and invoice to the project, in project invoice was mis placed and i have filed the vat returns for the month of Apr-08. In the month of May-08 i have came accross the invoice which i have purchsed in the month April-08. Now what i have to do?	"

I think you can file a revised return for that month altering the needed details.

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vijayabhaskarareddy (finance manager) (148 Points)
Replied 27 October 2008

you can file revised return for april 08.

anil kumar asnani (tax practioner ) (21 Points)
Replied 28 October 2008

yes you can fill revised vat tax return

Originally posted by :Guest
"	you can file revised return for april 08.	"

subramanya (Professional) (907 Points)
Replied 31 October 2008

Originally posted by :Prakash Reddy
"	I have Purchased(12.5%) at Rs 10,000-00 vat input value is Rs 1,250-00 in the month of April-08, Supplier has sent the goods and invoice to the project, in project invoice was mis placed and i have filed the vat returns for the month of Apr-08. In the month of May-08 i have came accross the invoice which i have purchsed in the month April-08. Now what i have to do?	"

You may file revised returns for April month

A Revised return may be filed within 6 months of Original (correct me if iam wrong)

CA Vivek (CA , CS) (71 Points)
Replied 04 November 2008

Originally posted by :subramanya
"	Originally posted by :Prakash Reddy " I have Purchased(12.5%) at Rs 10,000-00 vat input value is Rs 1,250-00 in the month of April-08, Supplier has sent the goods and invoice to the project, in project invoice was mis placed and i have filed the vat returns for the month of Apr-08. In the month of May-08 i have came accross the invoice which i have purchsed in the month April-08. Now what i have to do? " You may file revised returns for April month A Revised return may be filed within 6 months of Original (correct me if iam wrong)	"

revised return may br filed at any time till the 704 is not filed

vivek

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krishan (Accountant) (32 Points)
Replied 09 November 2008

Originally posted by :praveen

revise return

Originally posted by :Prakash Reddy

"
I have Purchased(12.5%) at Rs 10,000-00 vat input value is Rs 1,250-00 in the month of April-08, Supplier has sent the goods and invoice to the project, in project invoice was mis placed and i have filed the vat returns for the month of Apr-08.
In the month of May-08 i have came accross the invoice which i have purchsed in the month April-08. Now what i have to do?
"

I think you can file a revised return for that month altering the needed details.

(Guest)

i think you can file revised figure in quartly returns.

Originally posted by :praveen
"	Originally posted by :Prakash Reddy " I have Purchased(12.5%) at Rs 10,000-00 vat input value is Rs 1,250-00 in the month of April-08, Supplier has sent the goods and invoice to the project, in project invoice was mis placed and i have filed the vat returns for the month of Apr-08. In the month of May-08 i have came accross the invoice which i have purchsed in the month April-08. Now what i have to do? " I think you can file a revised return for that month altering the needed details.	"