Should I file monthly or quarterly return?

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Rachana (Querist)
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19 July 2008 We are preparing accounts and return for the branch of a trading company, trading in beauty products.

Its monthly TO is 8-10 lacs (Appx.).

We are filing monthly requrns.

Cant we file it quarterly?

And how late filing charges should be calculated?

Thank you

Sanjeev Kumar

Sanjeev Kumar (Expert)
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22 July 2008 you have not mentioned State where the company/ firm liable i.e. registered under VAT laws. i am assuming you are in Delhi so, there is a slab of turnover to file return i.e. if TO upto 10lacs, a dealer may file yearly return, upto 10 to 50lacs half yearly, 50 to 5 crores quartely and more than 5 crores monthly

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Rachana

Rachana (Querist)
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18 August 2008 at Gujarat should it file monthly/quarterly/yearly?

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