vat return and payment, VAT + CST

[Dipneet Kaur]

I m doing audit .how will I find out what is vat payment date and applicability of vat on my clientsecondly, when is vat return applicable and when it has to be filed.Thirdly, can vat return be revised and upto what duration

Posts / Replies

[Pradeep Khatri]

Dear Dipneet,

We presume that you must be conducting DVAT Audit. Please go through the DVAT Act and DVAT Rules to know the due dates of filing of Tax Returns, deposition of VAT/CST and revision of Returns.

Issue of TDS certificates for the tax deducted at source - 7 days from the date of deposit of TDS

Form: DVAT – 43 - Provision: Rule 59(2)

Deposit of tax (within 15 days) deducted at source during the previous month

Form: DVAT – 20 - Provision: Rule 59(1)

Filing of Return within 25 days from the end of the prevision month. For all dealers including composition dealers, irrespective of turnover - Rule 26(1)

Form: Dvat.gov.in - Provision: Not. No.F.7(7)/Policy-III/VAT/2005-06/651

For all dealers including composition dealers, irrespective of turnover –Submission of Hard Copy or receipt of the online return by 28^th of the subsequent month.

Form: DVAT – 16 - Provision: Rule 28

Quarterly Filing of TDS Return for the quarter in which tax has been deducted by the 28^th of the end of the quarter.

Form: DVAT – 48 - Provision: Rule 59(4)

Returns can be revised within one year from the date of filing of returns.

May God Bless You!

Regards

Team YAGAY and SUN

(Management and Indirect Tax Consultants)