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TMI BlogMadhya Pradesh Value added TaxX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Expert, I seek advise 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 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 ye ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ar in which the original 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 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 r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eturn by showing such returns 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 Indirect 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for it but could not fetch. regards, ganeshan - Madhya Pradesh Value added Tax - Query Started By: - ganeshan kalyani Dated:- 12-11-2014 Value Added Tax - VAT-CST - Got 2 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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