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First return under mvat

CA Mitesh N Kothari (9821662799) (391 Points)

20 April 2015

Hi,

I Would like to know whether first return under mvat has to filed on 6 month basis or quaterly.

Suppose dealer liable for registration on 22nd nov

He got Registered wef 22nd jan

now return has to be file for 22nd nov to 21st jan & 22nd jan to 31 st March

or from 22nd nov to 31st dec, 1st jan to 21st jan and 22nd jan to 31st march?

Please reply asap its urgent

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16 Replies

NAVIN AGICHA (HELPING HAND) (1313 Points)
Replied 20 April 2015

First year quarterly. And you should file return from 1Jan to March, in that show whole turnover till March or You can file Oct - Dec with penalty and then Jan to March.

1 Like

CA Amit K. Ganar (Practicing FCA) (146 Points)
Replied 22 April 2015

Date of registration is effective from which return is due (refer certitificate of registration or Know your TIN). Return to file from date effective date of registration in your case 22nd January to 31st March. Opetion in return - Whether first return select - Yes.

In first year of registraion return has to file quarterly you also can check the periodicity on Know Your TIN section.

1 Like

MASTER MIND (CA on Duty) (104 Points)
Replied 22 April 2015

Agree with CA Amit Ganar.

Your first MVAT return will be quaterly. Then for next return You have to check your periodicity on website.

For your first return period will be from 22 jan to 31 march.

To claim setoff on ITC from 22 nov to 21 jan you have to file administration relief with the sales tax department.

Before claiming administartion relief u have to paid MVAT for unregistered period i.e from 22 nov to 21 jan by taking ITC for this period.

Also u have to paid penalty & fee for this.

1 Like

CA Mitesh N Kothari (9821662799) (391 Points)
Replied 22 April 2015

Thanks guys for your reply.

I was bit confused with notification no 1507/Cr-94 issued in 2008.

Which states that for the first year return has to be prepared on six monthly basis.

Can anybody clarify me on this notification?

CA Amit K. Ganar (Practicing FCA) (146 Points)
Replied 22 April 2015

CA Mitesh

It was old day notification and in todays context in first year quarterly return has to file.

Morever please note that the notification was when you has to decide the periodicity and file the return. in todays scenario return has to file as per periodicity reflected on MVAT site only.

CA Mitesh N Kothari (9821662799) (391 Points)
Replied 22 April 2015

Ok. Thanks

Sunil Pawar (Sr Account Manager) (105 Points)
Replied 27 April 2015

Dear Sir,

We are newly registered under MVAT & CST Act. We are register for Machinery, Engg Goods. ( RC Date is 10.04.2015)

As per our new registration we have the following queries.

Periodicity of Vat & CST return from RC date to which month ????????
Which form we should field for Vat & CST E-Return?
When file J1 & J2?
If our sales not done but we done purchase then is it necessary to file Vat & Cst return?

CA Mitesh N Kothari (9821662799) (391 Points)
Replied 27 April 2015

1)RC date to 30 th june

2)Vat form 231 CST form IIIE

3) before filing your vat return

4) it is necessary to file Vat return with J2 . CST is not required.

1 Like

MASTER MIND (CA on Duty) (104 Points)
Replied 27 April 2015

Dear Sunil,

1. Your first return will be querterly and for next return u have to check ur periodicty on the MAHAVAT web site. Period of first return will be from 10.04.15 to 30.06.2015

2. Form No. 231 & for CST IIIE

3. Before filling each return u have to file this J1& J2 (Regular Annexure)

4. Even if u have purchase only the MVAT & CST return is compulsory for u.

You can claim refund of VAT paid on purchase or carry forward to next period bcoz of no sale during that period or year.

For CST u must file ur CST return. Bcoz u have to issue C Form to other party.

If u not file CST return then it will create problem in generating C Form bcoz of mismatch of amount in C Form & CST return.

1 Like

Sunil Pawar (Sr Account Manager) (105 Points)
Replied 27 April 2015

Dear Sir,

Thanks you so much for replying my queries . I want to know that can i take the Purchase invoices (Input) before registraion date?????????????. i.e my Reg date is 10.04.2015 but before this date there is some purchases in april month i.e 1 to 9 date.

If not then how this purchases shown in tally?

Thanks

Sunil pawar

MASTER MIND (CA on Duty) (104 Points)
Replied 27 April 2015

U cant take input tax credit of VAT paid on purchase before registration.(It is called unregistred period).

Also u dont need to show this purchase of unregistered period in ur First VAT return.

For accounting purpose in tally just pass purchase entry as u do earlier but now VAT for unregistred period will be included in the purchase cost as u r not allowing to take the credit of the same.

1 Like

Sunil Pawar (Sr Account Manager) (105 Points)
Replied 28 April 2015

Thanks Sir....

Jeetu (software developer) (27 Points)
Replied 08 February 2016

Hi, I have registed certificate date is 03/07/2015.I know that 1st return is quaterly. What is the from date and to date for return.

When i returning from 03/07/2015 to 30/09/2015. It showing msg that ur return period in six monthly and u enterd quaterly. Because when i searched on Know your TIn it showing ur period is Six monthly.

I have also paid the late fee. But when returning it showing above msg.

Please help me.

Regards,

Jeetu