Every Registered dealer is required to assess his tax liability under this Act, and shall furnish return for such period, in such form and manner, and within such time and with late fee not exceeding fifty thousand rupees, for delayed furnishing of returns to the assessing authority or to the officer authorised by the commissioner.
The payment of tax, demand or other sums shall be made by the dealer for such period, in such form and manner, and within such time and payments shall be made electronically by the dealers who have deposited up to Rs. 1,00,000 as tax (VAT+CST) during the preceding year.
In order to avoid the Late Fees & Interest it is important to comply with the tax payment and filling of returns within the due dates. We are noting below the due dates for Payment of Tax and Filling of Return are noted below:-
| A. For Filling of Quarterly Return (Quarterly in Form VAT-10 along with VAT-07A and VAT-08A) Applicable for : All the dealers other than those covered in Para B below. | |||
|
Period of Return |
Due Date for filling Quarterly Return |
Late Fee (Where return filled after Due Date) |
|
|
Dealers who have deposited less than Rs. 50,000/- TAX (VAT + CST) in preceding year |
Others |
||
|
01.04.2013 to 30.06.2013 |
29.08.2013 |
14.08.2013
|
(a) Where liability to pay tax is for each month or part thereof U/s 20 – Rs. 100 per day subject to maximum Rs. 25,000(b) Where turnover is Nil or Zero – Rs 50 per day subject to maximum of Rs. 1,000(c) In all other cases other than above – Rs 50 per day subject to maximum of Rs. 5000 |
|
01.07.2013 to 30.09.2013 |
29.11.2013 |
14.11.2013 |
|
|
01.10.2013 to 31.12.2013 |
29.02.2014 |
14.02.2014 |
|
|
01.01.2014 to 31.03.2013 |
30.05.2014 |
15.05.2014 |
|
| B. For Filling of Annual Return (where Quarterly Return is not required to be filled)(Annual Return in Form VAT 11)Applicable for : (a) dealers registered under the composition scheme [u/s 3(2), 5(1) and 8(3)]; (b) dealing in exempted goods; (c) dealing in goods taxable at first point in the series; and (d) dealing in goods taxable at MRP u/s 7(4) | ||
|
Period of Return |
Due Date for filling Annual Return |
Late Fee (Where return filled after Due Date) |
|
01.4.2013 to 31.03.2014 (in Form VAT-11) |
29.06.2014 |
– Rs 50 per day subject to maximum of Rs. 5000 |
| C. For Filling of Annual Return (where Quarterly Return is filled as per Para A)(Annual Return in Form VAT 10 A) Applicable for : All the dealers other than those covered in Para B above | ||
|
Period of Return |
Due Date for filling Annual Return |
Late Fee (Where return filled after Due Date) |
|
01.4.2013 to 31.03.2014 (in Form VAT-10A) |
31.12.2014 |
Same as stated in Para A above |
| D. Due Dates for Tax Payment | ||
|
Type of Dealer |
Due Date |
Interest |
| (a) Dealers with annual tax liability of Rs.20000 and above in the preceding year | Monthly within 14 days from the end of the month | If the payment is not made within time period then interest will be paid @ 12% p.a. |
| (b) Dealers with annual tax liability of less than Rs.20000 in the preceding year | Quarterly within 14 days from the end of the quarter | |
| (c) Dealers exercised option u/s 3(2) | Quarterly within 14 days from the end of the quarter | |
| (c) Dealers exercised option u/s 5(1) | As per the specified by respective Composition scheme | |