LAST DATE OF FILLING OF VAT AUDIT REPORT

The dealers having gross purchases or sales more than Rs.40.00 Lakhs during the F.Y 2007-08 should get their books of Account audited by Chartered Accountant or Cost Accountant and should submit VAT Audit Report to Sales Tax Department by 31/01/2009.

The dealers holding license under Foreign & Country Liquor Regulations should also get their accounts audited and should submit VAT Audit Report to Sales Tax Department by 31/01/2009 irrespective of their gross purchase & sales exceeds Rs.40.00Lakhs.

LAST DATE OF FILLING OF QUARTERLY RETURNS

The registered dealers having MVAT liability for F.Y 2007-08 (01/04/07-31/03/08) more than Rs.1.00 Lakhs but not more than 10.00 Lakhs or having Refund more than Rs.10.00 Lakhs but not more than Rs.1.00 Crore should file quarterly returns in Form 231. MVAT quarterly returns for Oct-Nov-Dec-08 should be filed electronically in Form231 (Form IIIE for CST). Last date of filing of the return for the Dec. 08 Quarter is 21/01/2009

LAST DATE OF FILLING OF MONTHLY RETURNS

The registered dealers having MVAT liability for F.Y 2007-08 (01/04/07-31/03/08) more than Rs.10.00 Lakhs or Refund more than Rs.1.00 Crore should file monthly return. As per circular 17T (08) DT. 05/05/08, MVAT monthly returns should be filed electronically in Form 231(Form IIIE for CST) within 21st day of the next month. Last date of filing of the return for the month of Dec. 08 is 21/01/2009.

Those who have adopted the Composition scheme should file the return in Form 232, Works contract & leasing dealers in Form 233 & Package scheme dealers in Form 234. As per Sec.41 (4) oil companies should file monthly returns in Form 235 within 15th day of succeeding month.

AMENDMENTS IN MVAT ACT

Last date for submission of PAN to Sales Tax Department has been extended till 31st Jan 09 as per Rule 16. Sub rule (3) of Rule 16 has been included in the MVAT Act. As per this sub rule those trader whose have been registered on 01/08/2007 and do not have intimated the PAN (of Income Tax Act) to the sales tax department should compulsory intimate it to the department on or before 31st Jan 2009. Whereas those traders who have not PAN card should apply for it and intimate it to the department on or before 31st Jan 2009.( Circular no. 39T/2008)