Maximum exemption for quaterly returne
This query is : Resolved
14 August 2010
What is the maximum amount for quaterly returne filing in UP Vat Act. And what amount of turn over for filing mandatory monthly returne in UP vat.
15 August 2010
Tax return period for dealers dealing in sensitive commodities and dealers to whom section 42 apply (New Units under U.P. Trade Tax claiming refund) :
For the dealer dealing in sensitive commodities declared by the Commissioner or a dealer to whom provisions of section 42 (dealers entitled for refund in cases of new units) applies, every calendar month will be tax period if their annual turnover exceeds one crore rupees.
Tax Period for dealers whose turnover is likely to exceed Rs. twenty five lakh or whose such turnover during the preceding assessment year has exceeded twenty five lakh rupees.
all other whose turnover is likely to exceed Rs. twenty five lakh or whose such turnover during the preceding assessment year has exceeded twenty five lakh rupees shall pay monthly tax by 20th day of succeeding month and deposit quarterly return by 20th day of the month immediately succeeding the last month of the quarter.
For the dealer dealing in sensitive commodities declared by the Commissioner or a dealer to whom provisions of section 42 (dealers entitled for refund in cases of new units) applies, every calendar month will be tax period if their annual turnover exceeds one crore rupees.
Tax Period for dealers whose turnover is likely to exceed Rs. twenty five lakh or whose such turnover during the preceding assessment year has exceeded twenty five lakh rupees.
all other whose turnover is likely to exceed Rs. twenty five lakh or whose such turnover during the preceding assessment year has exceeded twenty five lakh rupees shall pay monthly tax by 20th day of succeeding month and deposit quarterly return by 20th day of the month immediately succeeding the last month of the quarter.
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