VAT Discrepancies: Purchase Returns Valid Despite Objections if Transaction Confirmed, No Evidence of Unaccounted Sales Found.

VAT Discrepancies: Purchase Returns Valid Despite Objections if Transaction Confirmed, No Evidence of Unaccounted Sales Found. https://www.taxtmi.com/highlights?id=26996 Addition on account of difference in purchases - Objection may of VAT authorities if the VAT rules require actual movement but even in that situation, the claim of purchase return cannot be rejected when both parties are confirming and there is no evidence of sale outside books or closing stock - AT en-us Thu, 21 Jan 2016 16:15:57 +0530 Thu, 21 Jan 2016 16:15:57 +0530 TaxTMI RSS Generator VAT Discrepancies: Purchase Returns Valid Despite Objections if Transaction Confirmed, No Evidence of Unaccounted Sales Found. https://www.taxtmi.com/highlights?id=26996 Addition on account of difference in purchases - Objection may of VAT authorities if the VAT rules require actual movement but even in that situation, the claim of purchase return cannot be rejected when both parties are confirming and there is no evidence of sale outside books or closing stock - AT Highlights Income Tax Thu, 21 Jan 2016 16:15:57 +0530 https://www.taxtmi.com/highlights?id=26996