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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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