revised return under sales tax in tnvat

[Ramakrishnan Seshadri]

Dear Sir,

Could any body guide us or tell us how to prepare the revised return under sales tax under tnvat act.

One small example.

We have filed the original return for the sales made to the customer say as ₹ 100/- by paying vat @ 5% as ₹ 5/-.

Now the customer pays us only ₹ 90/- and balance ₹ 10/- he is not paying and says as cost reduction. He has taken input credit for ₹ 5/-.

This will not match with the sales figure as per books. Hence we need to file a revised return.

How to file it.

Thanks

S.Ramakrishnan.

AI Summary

Guidance Sought for Filing Revised Sales Tax Return Under TNVAT Act Due to Discrepancy in Sales and VAT Credit An individual seeks guidance on preparing a revised sales tax return under the TNVAT Act. They originally filed a return for sales of 100 with a 5% VAT of 5. However, the customer paid only 90, citing a cost reduction, and claimed an input credit of 5. This discrepancy between the sales figure and the books necessitates filing a revised return. The individual is requesting advice on how to proceed with this process.