sales tax returns+----vat

dasd (Querist) 07 September 2008 This query is : Resolved
filing of vat returns for 1st qtr till what daye can we file?if not filed till that date that what's the fine

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VASANTH D JAGANATH (Expert) 07 September 2008
Returns and liability under KVAT ACt, 2003

if tax period is quartner within 15 days after the end of the quarter [i.e., 1st quarter Apr-Jun returns to be filed within 15th of July]

if tax period is month within 20 days from after the end of the month

revised returns can be filed within 6 months from the end of the month [i.e,. either month or quartner]

Interest

if defaulty in filring returns and making payment

(a) simple interest @ 1.25% pm amount of tax due. However if tax payable is due ot omission upto 3 months no interest

Penalty

if default is not more than five days

(a) Rs.50/- for each day of defaault if default

if default is more than five days

(b) shall not exceed Rs.250/- if tax due is less than Rs.250/-

(c) Rs.50/- per day of defult and this amount should not exceed amount of tax due

(d) further penalty
if defult is not more than 10 days
- equal to 5% of the tax due or Rs.50/- w.e.h

if defult is more than 10 days
- 10% of tax due

dasd (Querist) 07 September 2008
filing of vat returns for 1st qtr till what daye can we file?if not filed till that date that what's the fine . i want answer a/d to MPVAT

Guest (Expert) 27 September 2008
CHAPTER - VI
21: Returns

(1) Any dealer, other than a registered dealer, required to do so by the
commissioner by issue of a notice in form 9 shall furnish to the appropriate
4Commercial Tax Officer or any other officer authorised by the
Commissioner in this behalf4 within thirty days from the date of service of such
notice a return or returns in form 10.

(2) Subject to the provisions of sub-rules (3), (4) and (5) every registered dealer
other than a registered dealer who opts for composition of tax under section 11
and every dealer whose registration certificate has been cancelled under clause
(d) or clause (e) of sub-section (10) of section 17 of the Act on or after the date
of commencement of the Act shall furnish to the appropriate 4Commercial Tax
Officer or any other officer authorised by the Commissioner in this behalf4
for each quarter of a year a quarterly return in form 10 within thirty days from the
date of expiry of the quarter to which the return relates. In the returns furnished,
the dealer shall mention correctly the TIN of self and the dealers from whom the
goods have been purchased. Every such return shall be accompanied by a
Challan in form 26 or e-Receipt in form 26 A in proof of the full payment of tax. M P VAT Rules.

Guest (Expert) 27 September 2008
within thirty days from the end of the quarter.

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