We issue an Office Order for deduction of an amount equivalent to VAT amount for late submission of Invoices. We have deducted the same for 3 months amounting Rs. 25 Lacs for Nov. 2011, Rs. 8 lacs for December 2011 but we have not taken any effect of DVAT.
Please Guide me.
Clarification sought on VAT deductions for late invoices from Nov and Dec 2011, totaling Rs. 33 Lacs, under DVAT. A query was raised regarding the deduction of an amount equivalent to VAT for late invoice submissions over three months, totaling Rs. 25 Lacs for November 2011 and Rs. 8 Lacs for December 2011, without considering the implications of DVAT. The individual sought guidance on this matter. A response was provided asking if clarification had been obtained and requested further information if needed. (AI Summary)
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