TaxTMI 
TaxTMI 
Form c issues
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....orm c issues<br> Query (Issue) Started By: - THYAGARAJAN KALYANASUNDARAM Dated:- 2-2-2016 Last Reply Date:- 3-2-2016 VAT + CST<br>Got 4 Replies<br>VAT / Sales Tax<br>Dear experts,One of my client have sold goods in the month of March and declared sales as well remit the tax due to the respective authorities. And subsequently the buyer had return the goods to seller after 3 months but within 6 mon....
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....ths. When the buyer issues the form c to the seller only after adjusting the goods return value. Now the authority is asking for tax on the difference in form c value. Whereas we explained and submitted all supporting documents. Can any one helping on this subject with case laws. Reply By Ganeshan Kalyani: The Reply: The following documents will help you in justifying and convince the VAT Authorit....
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....y. They are Original invoice with consignment note of transporter, extract of Goods Receipt Note (GRN) of purchaser, Debit Note for sales return having reference of Original Invoice, Consignment Note, LR Copy, GRN extract of your record, Customer Account where the sales return adjustment is shown. These all will help in convincing the Authority. Reply By Adarsh Sharma: The Reply: If you have decl....
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....ared the sales return in your monthly return while adjusting the sales return tax, u can convience the officer with the help of sales return documents. Reply By THYAGARAJAN KALYANASUNDARAM: The Reply: Dear experts,Even after submitting all supporting documents they haven't accepted it. They are comparing the turnover with the audited financial statement. The authority said two different financia....
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....l year I.e sale in the previous year and goods return in the current year. Is there any supporting case laws. Reply By Ganeshan Kalyani: The Reply: Further to my reply, I would like to state that the monthly figures would have been corrected in the Annual Report. Annual return supercedes the monthly return. Therefore you check the turnover should in it and accordingly you can defend your point bef....
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....ore the authority. Thanks.<br> Discussion Forum - Knowledge Sharing ....