YOU HAVE TO FILE NIL RETURN
Vat?
Page no : 2
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 05 May 2011
K SIR, WHICH ONE FORM APPLICABLE MONTHLY RETURN TO SALES TAX OFFICE?
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
IN VAT RETURN YOU CAN SPECIFY THE AMOUNT AS OTHER SALES ( VIS HIRE/FREIGHT/JOB CHARGES)
IT WOULD BE PUT NOWHERE IN TAXABLE PLACES.
I REPEAT- IF SERVICE TAX PROVISIONS ARE APPLIED THEN YOU HAVE TO FILE NIL RETURN FOR VAT ALSO.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
| Originally posted by : vinoth TAX PRACTIONER | ||
 |
K SIR, WHICH ONE FORM APPLICABLE MONTHLY RETURN TO SALES TAX OFFICE? |
 |
FOR YOUR RETURN APPLICABLE DETAILS, PLEASE FOLLOW UP YOUR REGISTRATION, UNDER WHICH CATAGORY YOU HAVE BEEN GRANTED REGISTRATION,
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
| Originally posted by : vinoth TAX PRACTIONER | ||
|
|
HE SAID ME.... CATEGORY - MANUFACTURE |
|
Exempted Sales ..................
in Tax payable [3] J
form "I"
AUDITOR VINOTHKUMAR
(a)
(870 Points)
Replied 05 May 2011
DEAR SIR,
1. CST PURCHASE - USE FORM FORM I (ANNEXURE -1)
2. EXEMPTED SALES - USE FORM - FORM - J
IS IT CORRECT OR NOT? PLS.....
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
1st of all i m disappointed with so many wrong informatin provided by you in this thread
form J is related to 2nd schedule of tnvat
nut bolt and fastener is put in 1st schedule part B code 2020, where tax is payable on every sale and return in form I is to be submitted monthly
if the dealer is confused then please visit the PRO of vat office with Registration copy, they will guide the dealer properly, which return to file and how to show the job work / exempted sale.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
THE FIRST SCHEDULE PART B [See sub-section (2) of section 3] Goods which are taxable at the rate of 4 per cent SNO DESCRIPTION OF GOODS C COMMODIT Y CODE 1 Acids and chemicals of all kinds other than those specified elsewhere in the Schedule. 2001 2 Agricultural implements not operated manually or not driven by animal, sprayers, sprinklers and drip irrigation equipments including their parts and accessories 2002 3 (a) All types of yarn (other than those specified in the Fourth Schedule), (b) Sewing threads of all kinds whether natural or artificial but excluding surgical sewing thread (c) Waste of all types of yarn and sewing thread 2003 4 All utensils other than those specified in the Fourth Schedule, including pressure cookers / pans except utensils made of precious metals 2004 5 Aluminium conductor steel reinforced (ACSR) 2005 6 Arecanut, betel nut, scented nut, seeval whether roasted or scented and arecanut powder 2006 7 (a) Articles and jewellery made of rolled gold and imitation gold (b) Imitation jewellery 2007 8 Bakery products including biscuits and cakes sold with or without a brand name (By Notification G.O.Ms.No.36 dated 1.4.08 – w.e.f.1.4.08) 2008 9 Bamboo 2009 10 Bark of plants, dry plant and dry flower 2010 11 Basic chromium sulphate, Sodium bi-chromate 2011 11 Bleach Liquid – Exempted by Notification – G.O.Ms.No.68 dated 21.05.09 ) – w.e.f. 1.4.09 2011 12 Bearings 2012 13 Beds, pillows and quilts made of cotton or silk cotton 2013 14 Bed sheet ,other than those specified in Fourth Schedule, pillow cover and other textile made - ups 2014 15 Beedi leaves 2015 16 Beltings 2016 17 Biomass briquettes 2017 18 Bitumen 2018 19 Blue metal 2019 20 Bolts, nuts, screws and fasteners 2020 21 Bone meal –(Exemption by notification –w.e.f.23.5.07) (G.O.Ms.No.107,dated 23.5.07) 2021
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
3. (1) (a) Every dealer, other than a casual trader or agent of a non-resident dealer, whose total
turnover for a year is not less than rupees five lakhs and every casual trader or agent of a nonresident
dealer, whatever be his total turnover, for a year, shall pay tax under this Act.
(b) Notwithstanding anything contained in clause (a), every dealer, other than a casual trader
or agent of a non-resident dealer, whose total turnover in respect of purchase and sale within the
State, for a year, is not less than rupees ten lakhs, shall pay tax under this Act.
(2) Subject to the provisions of
sub-section (1), in the case of goods specified in Part - B or Part - C of the First Schedule, the tax
under this Act shall be payable by a dealer on every sale made by him within the State at the rate
specified therein.
(3) The tax payable under sub-section (2) by a registered dealer shall be reduced, in the manner
prescribed, to the extent of tax paid on his purchase of goods specified in Part - B or Part - C of the
First Schedule, inside the State, to the registered dealer, who sold the goods to him.
(4) Notwithstanding anything contained in sub-section (2), but subject to the provisions of subsection
(1), every dealer, who effects second and subsequent sales of goods purchased within the
State, whose total turnover, for a year, is less than rupees fifty lakhs, may, at his option, instead of
paying tax under sub-section (2), pay a tax, for each year, on his total turnover at such rate not
exceeding one per cent, as may be notified by the Government. Such option shall be exercised by
the dealer within 30 days from the date of commencement of this Act:
Provided that such dealer shall not collect tax exceeding the rate notified by the Government
under this sub-section:
Provided further that such dealer shall not be entitled to input tax credit on goods purchased by
him:
Provided also that the dealer who purchased goods from such dealer shall not be entitled to
input tax credit on the goods purchased by him.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
7. Filing of returns.— (1) (a) Every registered dealer liable to pay tax under the Act, other than a dealer who opted to pay tax under sub-section (4) of section 3 or section 6 or section 8 including agent of a non-resident dealer and casual trader, shall file return for each month in Form I on or before 20th of the succeeding month, to the assessing authority in whose jurisdiction his principal place of business or head office is situated. Such return shall be accompanied by proof of payment of tax. ( department classifed return)
(b) Every registered dealer who is liable to pay tax under sub-section (5) of section 3 shall file a return
in Form J on or before 20th of the succeeding month to the assessing authority in whose jurisdiction his principal place of business or head office is situated. Such return shall be accompanied by proof of payment of tax: ( your selection of return)
Provided that a registered dealer specified in clause (a) or (b), whose taxable turnover in the preceding year is two hundred crores of rupees and above, shall file the above returns on or before 12th of the succeeding month to the assessing authority in whose jurisdiction his principal place of business or head office is situated. Such return shall be accompanied by proof of payment of tax:
(c) The option exercised under sub-section (4) of section 3 of the Act shall be final for the financial
year and such option shall be exercised within thirty days from the date of commencement of the Act or commencement of his business whichever is later.
(d) Every registered dealer who opts to pay tax under sub-section (4) of section 3 shall file a return for
each month in Form K on or before 20th of the succeeding month to the assessing authority along with proof of payment of yax
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
3 (5) Subject to the provisions of sub-section (1), every dealer, who deals in the goods specified in
the Second Schedule, shall pay a tax, for each year, on the sale or purchase of such goods, at the
point and at the rate specified therein:
Provided that the dealer, who pays tax under this sub-section, shall not be entitled to input tax
credit on goods purchased by him.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 05 May 2011
WHERE RETURN FORM [J] SELECTED WOULD BE USED .....SEE THE LIST BELOW
THE SECOND SCHEDULE
(See sub-section (5) of section 3)
SN
O DESCRIPTION OF GOODS SCH LEVY
RATE
OF
TAX(%
)
COMMODIT
Y CODE
1 Alcoholic liquors of all kinds for human
consumption which are purchased /
procured / brought from outside the State
other than foreign liquors falling under
item 3.
II FS 58 401
2 Alcoholic liquors of all kinds for human
consumption, other than liquors falling
under items 1 and 3,.
II FS & SP 58, 38 402
3 Foreign liquors, that is to say, wines,
spirits and beers imported into India from
foreign countries and dealt with under the
Customs Tariff Act 1975 (Central Act 51 of
1975) or under any other law for the time
being in force relating to the duties of
customs on goods imported into India.
(By Notification G.O.Ms.No.65 dated
01.07.08 – w.e.f. 01.07.08)
II FS 58 403
4 Aviation Gasoline II FS 29 404
(i) Aviation Turbine Fuel including jet fuel II FS 29 405
5
(ii) Aviation Turbine Fuel sold to a Turbo-
Prop Aircraft II FS 4 405
6 Petrol with or without additives II FS 30 406
7 High Speed Diesel Oil (By Notification –
G.O.Ms.No.57 dated 5.6.08) – w.e.f.6.6.08 II FS 21.43 407
8 Light Diesel Oil II FS 25 408
9 Kerosene other than those sold through
Public Distribution System II FS 25 409
10 Molasses II FS 30 410
11 Sugar, textile not produced or
manufactured in India. II FS 4 411
12 Sugarcane II LP Rs.60/
MT 412
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