Assessment in haryana
Nitish
(Querist) 15 September 2014
This query is : Resolved
Dear Sir
we need your little consultancy in Vat matter
we are Haryana registered party and we do our total sale on F form to our consignee which is situated in Delhi. In Fy-2011-12 we have done around 15 crore sale to our consignee on F from for which we received total amount F from but in same yr we received around 12 crore as a sale return so in our balance sheet only 3 crore is shown as a sale turnover.
But according to our sale tax consultant F form that he needs for assessment is only 3 crore . But total sale was done on F from is for 15 crore. our consignee issue his F from on quarterly bases
I just want to know is that right to do the assessment on balance sheet turnover. But sir according to my knowledge Total F from is needed to do the assessment with sale return
Sir Plz help as we are in deep trouble as demand letter is issued by department
waiting for your reply
ajay sethi
(Expert) 15 September 2014
consult your tax consultant
R K JAIN
(Expert) 16 September 2014
In case of consignment sale F Form is to be issued for the goods transferred from Principal to Agent, Principal to Principal and Agent to Principal. There is no sale return in the case of consignment sale. Further you can contact on 9255497987.
