Tamilnadu VAT Audit Extension - FORM WW
Due Date : 31-Dec-2013
From FY 2012-13 and henceforth
Due Date : 31-Dec-2013
From FY 2012-13 and henceforth
Showing posts with label TN VAT. Show all posts
Showing posts with label TN VAT. Show all posts
Thursday, October 31, 2013
Wednesday, October 30, 2013
TN VAT AUDIT 2013 EXTENSION - Article from Dinamalar 30-Oct-2013
VAT AUDIT 2013
Official Confirmation / Notification is awaited.
Users are requested to go through the same and act.
Sunday, October 27, 2013
TN VAT AUDIT - FORM WW IN EXCEL - TEMPLATE VER 1.1
TN VAT AUDIT - FORM WW TEMPLATE IN EXCEL
VER 1.1
Link : https://drive.google.com/file/d/0B-0hzoMM8_XZVVZWM0ZYalE3OVk/edit?usp=sharing
VER 1.1
Link : https://drive.google.com/file/d/0B-0hzoMM8_XZVVZWM0ZYalE3OVk/edit?usp=sharing
TN VAT AUDIT - FORM WW IN EXCEL - TEMPLATE VER 1.0
TN VAT AUDIT - FORM WW TEMPLATE IN EXCEL
VER 1.0
Link : https://drive.google.com/file/d/0B-0hzoMM8_XZQVdPTThyYThlUEk/edit?usp=sharing
VER 1.0
Link : https://drive.google.com/file/d/0B-0hzoMM8_XZQVdPTThyYThlUEk/edit?usp=sharing
Sunday, November 11, 2012
Monday, October 1, 2012
TN VAT Audit - Applicability Clarification
Circular under Tamil Nadu Value Added Tax
Circular No. 09 / 2012 Dated 14th September, 2012
Sub: TNVAT Act, 2006 – Commercial Taxes Department –Introduction of Section 63-A under the
Act – Clarification Issued – Regarding.
A new Section 63-A to TNVAT Act, 2006 was introduced by Act No.18 of 2012 requiring a registered dealer to get his accounts audited by an accountant if the total turnover of the dealer including zero rate sale and sale in the course of inter-state trade or commerce as specified in section 3 of the CST Act, 1956 exceeds one crore rupees in a year.
Rule 16A of TNVAT Rules, 2007 provides for submission of such audit report in form WW as per G.O.Ms.No.119, CT&R (B1) Department, dated:30-08-2012.
This amendment takes effect from 30-08-2012 as per G.O.Ms.No.118, CT&R (B1) Department, dated: 30-08-2012.
It is brought to the notice of all the officers that submission of Audit Report in Form WW is applicable from the financial year 2011-12 onwards.
Sd/- R. Kirlosh Kumar
Commissioner of Commercial Taxes (FAC)
Circular No. 09 / 2012 Dated 14th September, 2012
Sub: TNVAT Act, 2006 – Commercial Taxes Department –Introduction of Section 63-A under the
Act – Clarification Issued – Regarding.
A new Section 63-A to TNVAT Act, 2006 was introduced by Act No.18 of 2012 requiring a registered dealer to get his accounts audited by an accountant if the total turnover of the dealer including zero rate sale and sale in the course of inter-state trade or commerce as specified in section 3 of the CST Act, 1956 exceeds one crore rupees in a year.
Rule 16A of TNVAT Rules, 2007 provides for submission of such audit report in form WW as per G.O.Ms.No.119, CT&R (B1) Department, dated:30-08-2012.
This amendment takes effect from 30-08-2012 as per G.O.Ms.No.118, CT&R (B1) Department, dated: 30-08-2012.
It is brought to the notice of all the officers that submission of Audit Report in Form WW is applicable from the financial year 2011-12 onwards.
Sd/- R. Kirlosh Kumar
Commissioner of Commercial Taxes (FAC)
TN VAT Audit - Amendment - Contents
TN VAT Audit : Rule 16A -Amendments in VAT 30-08-12
https://docs.google.com/open?id=0B-0hzoMM8_XZUmxmWkFKVkdPZGc
https://docs.google.com/open?id=0B-0hzoMM8_XZUmxmWkFKVkdPZGc
Sunday, September 30, 2012
TN VAT AUDIT
Tamil Nadu VAT (Third Amendment) Act, 2012, which received the assent of the Governor on 31st May, 2012 recognizes Cost Accountants for VAT Audit under the Act
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
The following Act of the Tamil Nadu Legislative Assembly received the assent of the Governor on the 31st May 2012 and is hereby published for general information:—
ACT No. 18 OF 2012.
An Act further to amend the Tamil Nadu Value Added Tax Act, 2006.
BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Sixty-third Year of the Republic of India as follows:—
Short title and commencement.
1. (1) This Act may be called the Tamil Nadu Value Added Tax (Third Amendment) Act, 2012.
(2) It shall come into force on such date as the State Government may, by notification, appoint.
Insertion of new section 63-A.
2. In the Tamil Nadu Value Added Tax Act, 2006, after section 63, the following section shall be inserted, namely:—
63-A. Accounts to be audited in certain cases.—(1) Every registered dealer whose total turnover including zero-rate sale and sale in the course of inter-State trade or commerce as specified in section 3 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956) in a year, exceeds one crore rupees, shall get his accounts in respect of that year, audited by an Accountant and submit a report of such audit in the prescribed Form, duly signed and verified by the Accountant, to the Assessing authority, within such period as may be prescribed.
Explanation.—For the purpose of this section “Accountant” means, a Chartered Accountant as defined in the Chartered Accountants Act, 1949 (Central Act 38 of 1949) or a Cost Accountant as defined in the Cost and Works Accountants Act, 1959 (Central Act 23 of 1959).
(2) If such registered dealer fails to get his accounts audited and submit a report of such audit within the prescribed period, as required in sub-section (1), the Assessing authority may, after giving a reasonable opportunity of being heard, direct such registered dealer to pay by way of penalty of sum of rupees ten thousand, in addition to any tax payable, in respect of the said period:
Provided that, this section shall not apply to the departments of Central and State Governments, local authorities, the railway administration as defined under the Railways Act, 1989 (Central Act 24 of 1989), the Tamil Nadu State Road Transport Corporations and similar such registered dealers, as may be notified by the Government.
(By order of the Governor)
G. JAYACHANDRAN,
Secretary to Government
TAMIL NADU GOVERNMENT GAZETTE EXTRAORDINARY
The following Act of the Tamil Nadu Legislative Assembly received the assent of the Governor on the 31st May 2012 and is hereby published for general information:—
ACT No. 18 OF 2012.
An Act further to amend the Tamil Nadu Value Added Tax Act, 2006.
BE it enacted by the Legislative Assembly of the State of Tamil Nadu in the Sixty-third Year of the Republic of India as follows:—
Short title and commencement.
1. (1) This Act may be called the Tamil Nadu Value Added Tax (Third Amendment) Act, 2012.
(2) It shall come into force on such date as the State Government may, by notification, appoint.
Insertion of new section 63-A.
2. In the Tamil Nadu Value Added Tax Act, 2006, after section 63, the following section shall be inserted, namely:—
63-A. Accounts to be audited in certain cases.—(1) Every registered dealer whose total turnover including zero-rate sale and sale in the course of inter-State trade or commerce as specified in section 3 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956) in a year, exceeds one crore rupees, shall get his accounts in respect of that year, audited by an Accountant and submit a report of such audit in the prescribed Form, duly signed and verified by the Accountant, to the Assessing authority, within such period as may be prescribed.
Explanation.—For the purpose of this section “Accountant” means, a Chartered Accountant as defined in the Chartered Accountants Act, 1949 (Central Act 38 of 1949) or a Cost Accountant as defined in the Cost and Works Accountants Act, 1959 (Central Act 23 of 1959).
(2) If such registered dealer fails to get his accounts audited and submit a report of such audit within the prescribed period, as required in sub-section (1), the Assessing authority may, after giving a reasonable opportunity of being heard, direct such registered dealer to pay by way of penalty of sum of rupees ten thousand, in addition to any tax payable, in respect of the said period:
Provided that, this section shall not apply to the departments of Central and State Governments, local authorities, the railway administration as defined under the Railways Act, 1989 (Central Act 24 of 1989), the Tamil Nadu State Road Transport Corporations and similar such registered dealers, as may be notified by the Government.
(By order of the Governor)
G. JAYACHANDRAN,
Secretary to Government
Wednesday, November 17, 2010
Excess of Input Tax to lapse - TN VAT
Tamil Nadu: Ordinance to bring provision of the Tamil Nadu VAT (Second Amendment) Act, 2010 into force with retrospective effect
The notification which was earlier effective from 19.8.2010 has been brought into effect from 1.1.2007 advising dealers that if input tax exceeds output tax, excess of input tax cannot be adjusted and will lapse. This will have an impact on VAT assessments from 1.1.2007 for all dealers has sold goods at a price less than the price of the goods purchased by him.
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TAMIL NADU GOVERNMENT
TAMIL NADU ORDINANCE No. 7 OF 2010
CHENNAI, 29th OCTOBER 2010
An Ordinance to bring provision of the Tamil Nadu Value Added Tax (Second Amendment) Act, 2010 into force with retrospective effect
WHEREAS, the Legislative Assembly of the State is not in session and the Governor of Tamil Nadu is satisfied that circumstances exist which render it necessary for him to take immediate action for the purpose hereinafter appearing;
NOW, THEREFORE, in exercise of the powers conferred by clause (1) of Article 213 of the Constitution, the Governor hereby promulgates the following Ordinance:—
1. This Ordinance may be called the Tamil Nadu Value Added Tax (Special Provision) Ordinance, 2010.
2. Notwithstanding anything contained in sub- section (2) of section 1 of the Tamil Nadu Value Added Tax (Second Amendment) Act, 2010 (hereinafter referred to as the 2010 Act) and in the notification of the State Government in the Commercial Taxes and Registration Department No. II (2)/CTR/527(b)/2010, published at page 1 in Part II - Section 2 of the Tamil Nadu Government Gazette Extraordinary, dated the 19th day of August 2010, section 2 of the 2010 Act shall be deemed to have come into force on the 1st day of January 2007.
28th October, 2010
SURJIT SINGH BARNALA
Governor of Tamil Nadu
EXPLANATORY STATEMENT
In order to protect the revenue of the Government, Section 19 of the Tamil Nadu Value Added Tax Act, 2006 (Tamil Nadu Act 32 of 2006) has been amended suitably by Tamil Nadu Act 22 of 2010 providing for reversal of the amount of the input tax credit for the goods over and above the output tax of those goods, in a case where a registered dealer has sold goods at a price less than the price of the goods purchased by him and the said amendment has been given effect to from the 19th August 2010.
2. Now, the Government have decided to give effect to the said amendment from the date of coming into force of the said Tamil Nadu Act 32 of 2006 (i.e.) from the 1st day of January 2007 itself, in order to prevent any loss to the State exchequer from that date.
3. The Ordinance seeks to give effect to the above decision.
(By order of the Governor)
S. DHEENADHAYALAN
Secretary to Government
Law Department
The notification which was earlier effective from 19.8.2010 has been brought into effect from 1.1.2007 advising dealers that if input tax exceeds output tax, excess of input tax cannot be adjusted and will lapse. This will have an impact on VAT assessments from 1.1.2007 for all dealers has sold goods at a price less than the price of the goods purchased by him.
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TAMIL NADU GOVERNMENT
TAMIL NADU ORDINANCE No. 7 OF 2010
CHENNAI, 29th OCTOBER 2010
An Ordinance to bring provision of the Tamil Nadu Value Added Tax (Second Amendment) Act, 2010 into force with retrospective effect
WHEREAS, the Legislative Assembly of the State is not in session and the Governor of Tamil Nadu is satisfied that circumstances exist which render it necessary for him to take immediate action for the purpose hereinafter appearing;
NOW, THEREFORE, in exercise of the powers conferred by clause (1) of Article 213 of the Constitution, the Governor hereby promulgates the following Ordinance:—
1. This Ordinance may be called the Tamil Nadu Value Added Tax (Special Provision) Ordinance, 2010.
2. Notwithstanding anything contained in sub- section (2) of section 1 of the Tamil Nadu Value Added Tax (Second Amendment) Act, 2010 (hereinafter referred to as the 2010 Act) and in the notification of the State Government in the Commercial Taxes and Registration Department No. II (2)/CTR/527(b)/2010, published at page 1 in Part II - Section 2 of the Tamil Nadu Government Gazette Extraordinary, dated the 19th day of August 2010, section 2 of the 2010 Act shall be deemed to have come into force on the 1st day of January 2007.
28th October, 2010
SURJIT SINGH BARNALA
Governor of Tamil Nadu
EXPLANATORY STATEMENT
In order to protect the revenue of the Government, Section 19 of the Tamil Nadu Value Added Tax Act, 2006 (Tamil Nadu Act 32 of 2006) has been amended suitably by Tamil Nadu Act 22 of 2010 providing for reversal of the amount of the input tax credit for the goods over and above the output tax of those goods, in a case where a registered dealer has sold goods at a price less than the price of the goods purchased by him and the said amendment has been given effect to from the 19th August 2010.
2. Now, the Government have decided to give effect to the said amendment from the date of coming into force of the said Tamil Nadu Act 32 of 2006 (i.e.) from the 1st day of January 2007 itself, in order to prevent any loss to the State exchequer from that date.
3. The Ordinance seeks to give effect to the above decision.
(By order of the Governor)
S. DHEENADHAYALAN
Secretary to Government
Law Department
Friday, May 14, 2010
Furnishing PAN compulsory Under TNVAT Rules
The Government of Tamil Nadu has issued Notification No.SRO.A-13(a)/2010 GO.Ms.No.50 dated 19.04.2010 amending Rule 4 of the TNVAT Rules.
As per the amendment every registered dealer whose certification of registration under TNVAT is in force is required to furnish the permanent account number (PAN) along with the proof of the same to the registering authority within 3 months from the date of coming into force of this Rule.
As per the amendment every registered dealer whose certification of registration under TNVAT is in force is required to furnish the permanent account number (PAN) along with the proof of the same to the registering authority within 3 months from the date of coming into force of this Rule.
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