Hi All,
I wanted to know if an assessee is not having any tax liability (Rajasthan Vat) Is he required to file quarterly returns? Or he can file annual return only..?
Please help
Thanks in advance
PRIYA KANANI (CHARTERED ACCOUNTANT) (127 Points)
07 August 2011Hi All,
I wanted to know if an assessee is not having any tax liability (Rajasthan Vat) Is he required to file quarterly returns? Or he can file annual return only..?
Please help
Thanks in advance
V.MASTHANVALI
(ACCOUNTS EXECUTIVE)
(89 Points)
Replied 10 August 2011
AS PER VAT RULES, THOUGH THE DEALER HAS NO VAT LIABILITY, HE SHOULD FILE A NIL RETURN QUARTERLY.
PRIYA KANANI
(CHARTERED ACCOUNTANT)
(127 Points)
Replied 11 August 2011
But, I have heard somewhere that if a person is not having tax liability more than 20000 then, he is not required to file quarterly returns. He will file annual return.
Is it true?
Raj Kuamr B
(Sr Executive)
(46 Points)
Replied 11 August 2011
Dear Bala,
As per CHAPTER V of THE RAJASTHAN VALUE ADDED TAX RULES, 2006
19. Returns.? (1) The return referred to in sub-section (1) of
section 21 of the Act, shall be submitted by a dealer who has not opted
for payment of tax under sub-section (2) of section 3 or section 5 of the
Act, in Form VAT-10 for each quarter within thirty days of the end of
the quarter.
PRIYA KANANI
(CHARTERED ACCOUNTANT)
(127 Points)
Replied 12 August 2011
Thanks for the reply..
But still I am in doubt.
As all CA's say that he is not required to file quarterly returns but to file annual return.
Also please tell me from where I can get updates in mail for sales tax.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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