|
KVAT
Act, 2003 provides for filing of Annual Returns by
dealers on or before 30th April of every succeeding year
and Revised Returns as prescribed. Data from such
returns have to be entered in the KVATIS.
At
present the Annual Return is entered as the 13th Return
for a year, but this data is not considered for any
reporting purpose; so any modification to the base
return is not reflected in KVATIS. In order to overcome
this anomaly the following instructions are issued:
In
the case of Annual Returns, dealers other than efilers
with changes in any monthly return period have to submit
Revised Returns for respective return periods also along
with the Annual Return. In KVATIS, the original return
for such return periods will be modified accordingly in
the assessing office by the assessing authority /DEO
/clerk in charge. The system will generate the Annual
Return automatically and separate data entry for Annual
Returns shall not be made.
Dealers
in the efiling stream with changes in any monthly return
period have to modify the original monthly returns
themselves through the internet for the respective
months in the return and enclosures. After confirmation,
the same will be listed before the assessing officer for
approval and updated in the main data base. In this case
also the system will generate Annual Return
automatically. After making such corrections, if any,
they shall take a printout and file it before the
assessing authority as per the existing practice.
For
this purpose 'permission' for enabling the efilers to
effect such corrections in the original return will be
provided in the KVATIS for a limited period from 15th
April up to 30th April every year to all efilers.
They
have to make such corrections within this permitted
period. After this permitted period corrections can be
made only against individual requisitions to the ITMC
directly or through the assessing officer.
In
cases where Revised Returns need to be filed in respect
of any monthly return, the corrections in the original
return in the KVATIS in respect of the non- efilers have
to be done by the assessing office while in the case of
efilers such corrections have to be done by the dealer
himself after getting individual permission.
Permission
may be sought either directly to ITMC by emailing
itmc.taxes@gmail.com or through the assessing officer.
The permission will be given by ITMC against individual
requisition through the concerned assessing officer by
email. After uploading the revised data by the efiling
dealer, the same will be listed before the assessing
officer for approval and updated in the main data base.
In
both cases only the latest return data will be available
in KVATIS while hard copy of the original returns have
to be maintained in the assessing office for previous
data comparison.
All
officers shall see that the instructions are complied
with.
Commissioner
|
