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November 2011

Periodicity of Returns — Powers with Commissioner — Notification No. VAT 1511/CR 84/Taxation-1, dated 13-9-2011.

By Tarun Ghia, Brijesh Cholera, Pratik Mehta
Chartered Accountants
Reading Time 1 mins
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By this Notification, Rule 17 for Submission of VAT Returns has been amended conferring powers upon the Commissioner inter alia to decide periodicity of filing of returns that is monthly, quarterly or half-yearly for every year and in respect of every dealer which will be final and will be displayed on the website. To determine the same the Commissioner may apply principles laid down in Rule 17(4).

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