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Filing of sales tax returns annexures

PANKAJ BAVISHI (Proprietor) (67 Points)

20 June 2015

Six monthly sales tax returns of previous F.Y. are required to be filed with Annexures by the end of next quarter . e.g. for second half of 2014-15 ; one can upload returns with annexure J1/J2 latest by 30th June 2015 . Now the problem is one does not get C Forms for last quarter of 2014-15 from buyers in 1st quarter of 2015 . So how it is possible for dealer to upload returns by 30th june 2015 .

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3 Replies

CA Raj Doshi (Practising CA) (8799 Points)
Replied 20 June 2015

Mention the pending c- forms in snnexure I.

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PANKAJ BAVISHI (Proprietor) (67 Points)
Replied 21 June 2015

In Maharashtra ; sales tax deptt. issues demand note for returns filed mentioning pending c-forms in annexture I . What is the solution for this .

CA Raj Doshi (Practising CA) (8799 Points)
Replied 21 June 2015

Firstly , let's understand the system. So there is clarity. Say you are selling goods which if sold within the state will be chargeable to vat @ 5%. However, since vat is a destination based consumption tax. ; in cases where goods are consumed outside the state, the jurisdiction of mvat is lost and CST becomes applicable. In this case , concessional rate of 2% cst is allowed by the vat dept. how the vat dept will know whether goods are actually sold outside the state ? So to confirm and avoid loss of revenue ( diiferential 3% ) , the vat dept required declarations i.e c-forms of purchasing dealer so as to prevent tax evasion anf loss of revenue. Now coming to the query , All pending declarations are shown under annexure I ( and even annexure H in some case ). Now to ensure that possible revenues are recovered , notices are issued and dealers are required to provide the declarations. If declarations are still not received then dealer has to pay differential tax ( in this case 3% ) with interest.