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Tuesday, January 21, 2014

MVAT Annual Revised Return u/s 20(4)(b) and ( c ) - Problem & Solution



In continutaiton of previous mail regarding aforesaid, I would like to update that one CA friend has approached Sales Tax Office and the department has replied as under 



Issue/Problem 

Major issue will arise for the monthly dealers for reporting the "Details of Amount Paid along with this return and or Amount already paid" as the number of payments will be 12 or more and the Returns Form version 1.8 contains -

 - 11 rows in Form 231 which is mostly used, and
 - 12 rows in Form 232 to 235 and CST

13 rows consisting of 12 rows for 12 months payment and additional atleast 1 row for reporting payment of dues as determined by Audit Report are minimum.

As per the instructions issued alongwith, it stats that "Dealers are requested to enter amount already paid, before uploading the audit report in the first row of the table giving details of amount already paid ..." indicating that total of all amounts should be entered in first row, however the details of CIN No, date of payment, Bank Name and Branch are mandatory and thus clarification regarding how to enter in the first row needs to be given urgently.

Solution to above issue


The following remedy is suggested by Sales Tax Department after sending issue

It is not possible to increase the rows in return template at this moment. 

You are requested to enter last payment CIN, last payment date and bank and amount paid in total in first row for payments made before Vat Audit report.

Payment made after VAT Audit report should be entered in next rows.




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