26 August 2013
sir we have filed march return by showing short sales amount 2200000.now we are going to file revised return.shall we pay only 5% on such sales or any interest will be imposed in addition to vat payable?
Sub:-The APVAT Act 2005 –Revised VAT Return in Form VAT 213– Instructions to accept Revise Return even beyond 6 months-Reg.
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The attention of all the assessing authorities in the State is invited to the subject cited . As per Rule 23 (6) (a) of APVAT rules, 2005 any dealer can file an application for rectification of mistakes other than as a result of an inspection or receipt of any other information or evidence by the authority prescribed in Form-213 within six months from the end of the relevant tax period.
However, all the Assessing Authorities in the State are here by instructed to accept rectification of mistakes in Form VAT 213 even beyond 6 months also if audit was not initiated by that date and the dealer voluntarily disclose any omissions that will result in higher tax payment by the dealer. They are requested to accept higher tax (difference amount) along with interest and minimum penalty by issue of notices as per Rule 23(6) of APVAT Rules, 2005, read with section 53 of APVAT Act, 2005. But to avoid antedating of such revise return, dealer must file revised returns through online system only.
It is specifically clarified that no revise return will be accepted beyond 6 months period if revise return leads to lower tax liability for the dealer.
The receipt of the circular shall be acknowledged by return of post .
Sd/-Suresh chanda Commissioner (CT)
To All the Assessing Authorities in the State Copy to all the Deputy Commissioners (CT) in the State.
CAclubindia
