how to pass entry for VAT return adjustment entry?
Answer Posted / sumathi
Sales adjustment Rs. 1000 dr
Vat 4% Rs. 40 dr
Party Name Rs. 1040 cr
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Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards
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