VALUE ADDED TAX ACT 2003

Payment of Tax

The Payment of Tax is required to be made with in 22 Days from the end of the Month / Quarter to which the return relates.

Dealer dealing in the commodities mentioned in Schedule III are required to make the Payment of Tax within 12 Days from the end of the respective Month.

If Dealer has paid VAT Tax of Rs.10 Lac of more during 2007-08 or afterwards than it is mandatory make the EPayment of Tax.

In case of payment made otherwise than in cash than, the date of realization of payment in the Government Treasury shall be the date of payment as per Rule 26 (9).

Return & Payment of Tax

Dealer to whom permission to pay Lump sum Tax has been granted

U/s. 14, 14A ,14B, 14C and 14D.

Section Return 14 202 , 202A 14A 202 , 202A 14B 202 , 202B , 202C 14C 202 , 202A 14D 202 , 202A

The Return will be Quarterly Return and If Payment of Tax is more than 60,000 in previous year or current year than Monthly Payment of Tax else Quarterly payment of Tax.

Returns for TDS to be filed on Quarterly basis on the website o f Department by contractee for the amount deducted as tax in accordance with Sec 59B Form No. 216A & Declaration in Form No. 704.

Trader will have to file the Quarterly Return in Form No. 201 , 201A , 202 B and half yearly 201C.

If Payment of Tax is more than 60,000 in previous previous year or current current year than Monthly Payment of Tax else Quarterly payment of Tax.

Special Category of Dealers

Following Special Dealer will have to make the Payment of Tax as well as submission of Return on monthly Basis.

Incentive of Sales Tax Exemption in Form No.203 and Sales Tax Deferment in Form No. 204.

Every registered dealer dealing in the commodities mentioned in the Schedule III to the Act [i.e H.S.D. Aviation Fuel etc], Returns in Form 212 & 213.

Imports the goods into or exports the goods out of the territory of India.

Dealer who has established an industry in the Special Economic Zone or who is the developer of the Special Economic Zone.

Dealer who is entitled entitled to the benefit benefit of refund under section section 40.