Vat Return how to fill first return

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Tushar shah (Querist)

07 March 2010 If company's VAT effective date is 2-1-2009,please tell me the return is filed on turnover after vat effective date or
from the date on which business is started?

CA Umesh Sharma

CA Umesh Sharma (Expert)

07 March 2010 As per rule 18, Frist VAT return has to file from the date of starting of business. I.e, for the Un registered period also. Hence file returns from the date of start of business. The Abstract of rule 18 is given below:

"Rule 18(1) Where a dealer has become liable to be registered under this Act, the first return to be furnished by him shall be for the period from the appointed day, 1st April of the year, or as the case may be, from the date of event which makes him liable to pay tax to the end of the six-monthly period containing the date of registration. He shall continue to file six-monthly returns in respect of periods ending on or before the end of the year containing the date of effect of registration. The six-monthly return shall be filed within twenty-one days of the end of the six-monthly period to which the return relates."

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Tushar shah

Tushar shah (Querist)

09 March 2010 Thanks.I am verymuch satisfied with your answer.

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