in which condition deposit quertely sales tax return

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Guest

Guest (Querist)

18 October 2010 i am paid monthly sales tax payment in30 of every month. sir plz tell me i am not deposit quertely sales tax return .can you tell me that in which condition i will fill quertely .
sales tax return. plz sir reply so soon
regards
raju

Ram Avtar Singh

Ram Avtar Singh (Expert)
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18 October 2010 TAX PERIODS AND RETURNS UNDER THE DELHI VAT

A Tax Period (w.e.f. 30.11.2005)

A.1 First Tax Period- New Registration

A dealer who has been registered for the first time under the DVAT Act, his first
Tax period:-
(a) shall commence from the date of his liability; and
(b) shall be a quarter, and continue to be a quarter till end of the year in which registration is granted.

A.2 Tax Periods- Subsequent Years

S. No. Turnover (T) in the preceding
Financial Year Mandatory Tax
Period[Rule 26(1)] Optional Tax Period
[Rule 26(3)]
a Turnover is equal to or less than Rs. 10 lacs
[T 5 crores] One month No option

Notes:

● Tax period of a dealer for any year is based upon his turnover of the preceding year.
● Where the turnover of a dealer during the current year increases or decreases beyond
the turnover limits specified above, he shall be liable to change his tax period from
1st April of the following year and shall file an intimation in form DVAT- 55 upto
15th April of that year.
● Dealers can elect an optional tax period by filing an intimation in Form DVAT- 55
upto 15th April of that year. For the year 2005- 06, an option to change in tax period
may be exercised w.e.f. 1st October 2005 and intimation thereof shall be furnished upto
15th December 2005.
● The option once exercised shall remain valid through out that year and could be
changed only from 1st April of the following year.
● Any delay in furnishing the intimation shall not be condonable.

A. Returns

S. No. Type Of Return Type Of Dealer Form No. Due Date Documents to be enclosed
1. First Returns Dealers opting for composition DVAT- 17 Within 7 days of grant of R.C. (Returns, due dates of which have already expired on the date of grant) Challan in DVAT- 20; Documents as specified in the return.
Other Registered dealers DVAT- 16
2. Periodic Returns Dealers opting for composition scheme and other registered dealers DVAT- 17 or 16, as the case may be If tax period is one month or a quarter- within 28 days; if it is six months- within 45 days; and if it is one year-within 75 days. Challan in DVAT- 20; Documents as specified in the return.
3. Revised Returns Dealers opting for composition scheme and other registered dealers DVAT- 17 or 16, as the case may be Within one month of discovery of mistake requiring further payment of tax. Challan in DVAT- 20; Reasons for revising return; Documents as specified in the return.

4. Return by dealer whose certificate is restored Registered dealers (All returns relating to tax period during which registration was inoperative & date of furnishing has already expired) DVAT- 17 or 16, as the case may be Within 28 days from end of the tax period. Challan- in DVAT- 20; Reasons for revising return; Documents as specified in the return.
5. Return in response to notice Any person whether or not registered under the Act. DVAT- 16 Within the time specified in the notice As specified in the notice.
6. Return of turnover by a casual trader Casual trader DVAT- 16A Immediately after conclusion of his business in Delhi. Proof of payment of tax.
7. T.D.S. Annual Return Contractee DVAT- 48 Upto 28th April of the next year. Proof of payment of tax; Copies of TDS Certificates.

PAYMENT OF TAX

A. Due Dates for Payment of Tax (w.e.f. 5th December 2005)

S. No. Nature of Dealers Due Date for Deposit of Tax
a Tax period is ‘quarter’ or ‘six months’ or ‘year’. 28 days from the end of every quarter i.e., 28th July, 28th October, 28th January and 28th April.
b Tax period is a ‘month’ 28 days from the end of every month

Ram Avtar Singh

Ram Avtar Singh (Expert)
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http://www.docstoc.com/docs/24084139/TAX-PERIODS-AND-RETURNS-UNDER-THE-DELHI-VAT

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