April 2012
Submission of certain annexures by the dealers not required to file audit report in Form 704 — Notification No. VAT/AMD-2011 /1B/ADM-6, dated 4-2-2012 and Trade Circular No. 3T of 2012, dated 27-2-2012.
By Tarun Ghia, Brijesh Cholera, Pratik Mehta, Chartered Accountants
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Dealers who are not required to file audit report in Form 704 will now be required to file annexures C, D, G, H, I, J1 & J2 along with the last return of the financial year. The said annexures will have to be filed for the entire financial year commencing from F.Y. 2012-12.
Annexure C: details of TDS certificates received by dealer, Annexure D: details of TDS certificates issued by the dealer, Annexure G: details of the various certificates or declarations as provided under the Central Sales Tax Act, 1956 received by the dealer, Annexure H: details of the declarations in Form H (Local Form H) received by the dealer, Annexure I: details of the various certificates or declarations as provided under the Central Sales Tax Act, 1956 that are not received, Annexure J1: Customer-wise sales, Annexure J2: Customer-wise purchases.
Such dealers will make payments as per earlier provisions i.e., before 21st/30th April for the period ended 31st March, 2012 and for filing return the due date has been extended by 90 days that is before 30th June. Uploading of the said annexures shall be a pre-requisite for uploading the last return. The deemed dealers i.e., Custom Dept., Dept. of Union Govt., Insurance & Finance Corporations, institutions, banks who are not required to file audit report in Form 704 are also required to file the said annexures.
