VAT Return Can be filed upto
VAT Payment for this Month is Due
Data processing and Tax Analysis
Signing of Return
Sale Purchase Bills and Bank statement is provided by client
SALES TAX RETURN/VAT RETURNS-DELHI
Meaning Of Sales Tax/VAT
The Value Added Tax (VAT) is a multistage tax levied as a proportion of the value added (i.e. sales minus purchase) which is equivalent to wages plus interest, other costs and profits.
DUE DATES FOR PAYMENT OF SALE TAX
Sales tax is paid on monthly basis before the 21st of following month
DUE DATES FOR FILLING VAT RETURNS
Due date for filing VAT Return in delhi is 25th of Next Month following the quarter
Example For Quarter 1 ( April - June) Due date for filing return is 25th of July
VAT AUDIT AS PRESCRIBED BY LAW
For the purpose of Section 49, a dealer whose gross turnover in a year exceeds one crore rupees, shall get his accounts of such year audited by an accountant, and shall be liable to submit a report, as notified by the Commissioner, from time to time:
PROVIDED that the Commissioner may, by an order, require a dealer or class or classes of dealers, to submit a simplified version of the report in lieu of report notified by him under section 49,
PROVIDED FURTHER that the Commissioner may, by an order, exempt a dealer or class or classes of dealers, from furnishing a report, for the purpose of Section 49.
Who is Liable for VAT Audit
S.N.Nature of the Dealer –Based upon
1. TurnoverExemption , if any
2) Dealers with 100 % export Turnover.