Sales Tax assessed

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ales Tax assessed<br> Query (Issue) Started By: - Mohit Goyal Dated:- 4-4-2015 Last Reply Date:- 5-4-2015 VAT + CST<br>Got 1 Reply<br>VAT / Sales Tax<br>Dear Sir, Kindly let us know the allowablity ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of deduction of assessed tax under sales tax assessment in Tax audit. for example, our assessment of 2009-10 has decided on 13th Aug 2014 and we paid the on 12 Sep&#39;14. in which year deduction of a....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....dditional liability will be allowed whether it should be allowed in 09-10 or in 13-14. our auditor is denying to accept the deduction because he is claiming that it is the exp of prior period. Kindly....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... suggest. Reply By MARIAPPAN GOVINDARAJAN: The Reply: You might have created provisional liability for the tax in the year 2009-10 itself. If so, you can adjust the payment against that provision. I....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....n the absence of making provision, in my view the prior period expenses may be adjusted against the current year profit and loss account.<br> Discussion Forum - Knowledge Sharing ....