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May 2009

Filing of revised return as advised by auditor in Audit Report

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Tarun Ghia, Nimesh Dedhia, Vijay Kewalramani
Chartered Accountants
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Part B : Indirect taxes


  1. Filing of revised return as advised by auditor in Audit
    Report :

 


Trade Circular No. 9 T of 2009, dated 21.03.2009 :

As per para 15 of Trade Circular 26T of 2006, dated
18.09.2006, a dealer can file the single revised return for the period ending
on 31st March of the respective year to give effect to the observations of the
auditor.

By this Circular, the Commissioner has clarified that if it
is not possible to give effect to all the observations of the auditor by
filing revised return for the period ending on 31st March of the respective
year, then the dealer can revise the returns for the respective periods for
which discrepancies have been pointed out by the auditor. All such revised
returns will have to be filed electronically only.

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