|
Rule
of 22 of KVAT Rules, 2005 requires that dealers shall
file Annual Returns every year on or before 30th of
April with such enclosures as prescribed in under sub
rule (2) of the said Rule.
Accordingly
the Annual Returns are to be accompanied by inter alia
purchase and sales statement in the prescribed formats
and copy of the balance sheet with trading /
manufacturing and profit and loss account drawn up for
the year where the dealer is not liable to file audit
certificate as provided in section 42 of the said Act.
Now
it has been brought to notice that balance sheet with
trading/manufacturing and profit and loss account for
the year cannot be drawn up before the last date fixed
for filing annual returns. A doubt has also been raised
form some quarters as to whether purchase/sales
statement need be submitted again along with the Annual
Returns in case the said statements had already been
submitted along with the monthly returns.
The
following instructions are issued in this regard.
Annual
returns in the prescribed formats shall be filed on or
before 30th April as prescribed.
However,
time for filing copy of the balance sheet with trading
/manufacturing and profit and loss account drawn up for
the year required to be filed under sub rule 3(xi) of
the said Rule shall stand extended up to 30th June of
every year.
In
the case of dealers who had filed purchase and sales
statement along with monthly returns in the prescribed
formats, consolidated statements need not be filed again
along with the Annual Return.
Only
one copy of the Annual Return need be taken.
All
assessing authorities shall see that the above
instructions are complied with.
Commissioner
|
