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February 2009

Change in procedure for payments in the absence of TIN.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
Reading Time 1 mins
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New Page 1

Part B :
INDIRECT TAXES


MVAT Update

MVAT Circulars


32 Change in procedure for payments in the
absence of TIN.

Trade Circular 42T of 2008, dated 26-12-2008 :

To avoid hardships in the absence of TINs, w.e.f. 1st January
2009 applicants seeking registration, voluntary or non-voluntary, would pay fees
and deposit by separate DDs. Fee of Rs.25 for registration under the C.S.T. Act
is to be paid in the form of court fee stamps.

Unregistered employers deducting tax at source, on payments
made to contractors, who are required to file returns in Form No. 405 shall pay
the TDS amount by DDs only.

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