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Date of return filing

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If a person is filing vat return monthly say for the month of April(Delhi) accordingly to sales tax act .i.e gross turnover exceeding 5 crores,now if he is expecting that turnover will be reduced (below 5 crores) in the current financial year,now can he file his sales tax return on quaterly basis in the same financial year.

Replies (1)
Tax period of any Dealer under DVAT is determined on the basis of turnover in the immediately preceding financial year. Once a Tax period has ben determined it can be changed in the next accounting year only. For that the dealer has to file DVAT-55 within 15 days of the commencement of the year. You can not have two tax perioda in one accounting year.


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