Whether to file monthly or quarterly return?
This query is : Resolved
06 March 2012
The below mentioned text is from Gujarat Value Added Tax (Second Amendment) Rules, 2006.
“(3A) Every registered dealer in whose case the total amount of tax payable by him for all places of business has not exceeded rupees sixty thousand in the previous year or in the current year, shall furnish quarterly return in Form 201 along with information in Forms 201A and 201B within thirty days from the end of the quarter to which return relates
NOW THIS SIXTY THOUSAND LIMIT IS TO BE COUNTED AS NET OFF INPUT CREDIT OR ON GROSS SALES ?
“(3A) Every registered dealer in whose case the total amount of tax payable by him for all places of business has not exceeded rupees sixty thousand in the previous year or in the current year, shall furnish quarterly return in Form 201 along with information in Forms 201A and 201B within thirty days from the end of the quarter to which return relates
NOW THIS SIXTY THOUSAND LIMIT IS TO BE COUNTED AS NET OFF INPUT CREDIT OR ON GROSS SALES ?
18 March 2012
Mr AA Soni,
Please note in the first line of second para 'total amount of tax payable by him',which means the net tax(o/p-i/p).
MJK
Please note in the first line of second para 'total amount of tax payable by him',which means the net tax(o/p-i/p).
MJK
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