Last date of filling VAT returns extended in Punjab

The Punjab Government today extended the date for filing of VAT returns till August 16. This was decided after receiving applications from the associations of traders, industrialists and even tax professionals. Disclosing this here today, state local bodies and industries minister Tikshan Sud said it has been decided to extend the date of filling of quarterly returns ended on June 30 to August 16. He, however, said the due tax has to be deposited as per the earlier schedule. He said that out of the columns relating to 'Trade and Commodity' introduced in new VAT forms, the industry may fill only one column. Industry had rued that it was cumbersome to fill new VAT forms. He said it has been added only to facilitate taxpayers, lawyers and Charted Accountants to trace the relevant commodities.