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DVAT FIRST TAX PERIOD RETURN DUE DATE

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This query is : Resolved

RRRRR (Querist)

26 January 2011 Hi

I got a Registration under DVAT in Dec 2010 for a Telecom trading company. I have not filed any return with Deptt of Trade & Taxes Delhi till date. I want to know

1. What is my First Tax Period? Whether quarter ended on 31st Dec or could it be extended to March 31st 2011 i.e. the date up to which the first accounting year will end?
2. Should I file online or Manual Return now?
3. Whether I am in default at all?
4. What are the Consequences in case I am in default resulting in Interest & Penalty?

Thanks in advance.

Hitender Gaur

Hitender Gaur (Expert)

27 January 2011 1. depends the 7th cloumn of your filed DVAT-4 Form,

2. if dept. issued you passward then file the onleine otherwise file manual.

3. provide the date mentioned in column no 7 of DVAT 4 filed by you and date of allotment of TIN/registration certificate.

4. int. on tax is 16% p.a. and panelty is Rs. 100 per day (maximum Rs.10,000/-) in case of default of return.

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