TaxTMI 
TaxTMI 
Madhya Pradesh Value added Tax
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....adhya Pradesh Value added Tax<br> Query (Issue) Started By: - ganeshan kalyani Dated:- 12-11-2014 Last Reply Date:- 13-11-2014 VAT + CST<br>Got 2 Replies<br>VAT / Sales Tax<br>Dear Expert, I seek ad....
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....vise pertinent to treatment of VAT benefit on sales return within 6months in the State of Madhya Pradesh under MPVAT Act. As per section 2 (z) Turnover - it clarifies that VAT benefit on Sales return ....
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....to be claimed if the return is within 6 months from the date of original sales. However, there is no provision prescribing that the said claim must be taken in same financial year in which the origina....
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....l sales occurred. It is general scenario that sales of Feb, Mar gets return in subsequent financial return. Kindly through some light in this matter. regards, ganeshan Reply By Pradeep Khatri: The ....
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....Reply: Dear Ganeshan, Such sales returns can be adjusted in the subsequent year's statutory VAT Returns. Further, if your State VAT permits then you may file revised return by showing such retur....
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....ns or while filing the annual returns, you may consider such returns in Annual Return along with submitting a reconciliation in this regard. Regards, YAGAY and SUN (Management, Business and Indirec....
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....t Tax Consultants) Reply By ganeshan kalyani: The Reply: Dear Sir, Request you to assist with an Case law in VAT regime supporting the reply. I tried finding for it but could not fetch. regards, ....
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....ganeshan<br> Discussion Forum - Knowledge Sharing ....