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Vat annexures submission

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This query is : Resolved

Shrenik (Querist)

21 May 2012 Sir,

My on client has registered under mvat act on 23rd Aug, 2011 & his vat payment period is on quaterly basis. so for 1st quater 23-8-11 to 30-9-11 & 2nd quater 1-oct-11 to 31-12-2011 all vat payment & returns are filed. also last quater vat from jan to mar-12 also paid.

now since as per new notification we have to file various annexures alongwith mar-12 return, so my query is whether we have to submit purchase & sales details for full year i.e 1-4-11 to 31-3-2012, or i have to submit from date of registration i.e 23-8-11 to 31-3-2012 or just only for 1-1-2012 to 31-3-2012.

pls. help me urgently as we have to prepare in advance to submit annexures.

thanks in advance.

MJ Krishnamurthy

MJ Krishnamurthy (Expert)

22 May 2012 Mr Shrenik,
Sub Sec 2 of Sec 3 of MVAT Act gives these details.As per the proviso,the sales and purchases made till you reached the registration limit specified in Sec 4 is exempt except when you have taken up a voluntary registration.So,it is not the date of registration,but the date on which your client reached the compulsory registration limit is important.Accordingly you may fill up the form/annexure.....MJK

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