Can we record a purchase after an year for VAT?, VAT + CST

[Laxminarayana Yepuri]

We did not record a big purchase made last year for VAT and we would like to claim that this year? What is the duration allowed, we have invoices and everything required, it was a genuine mistake that we did not record it for filing.

Appreciate any laws/documentation regarding this.

Posts / Replies

[Ganeshan Kalyani]

You have to show the purchase in the year it was purchased. If you have missed to disclose you can revise the return of particular month in which it was purchased or it can be shown in the annual return of the relevant year.

[MARIAPPAN GOVINDARAJAN]

As indicated by Shri Ganeshan, you may file a revised return as per the respective VAT law.