Vat return

S. No.

Turnover (T) in the preceding

Financial Year

Mandatory Tax

Period[Rule 26(1)]

Optional Tax Period

[Rule 26(3)]

a

Turnover is equal to or less than Rs. 10 lacs

[T< 10 lacs]

Year (Six months for 2005-06 commencing from 1.10.2005)

Six months or quarter or one month (Quarter or one month for 2005-06)

b

Turnover is more than Rs. 10 lacs and equal to or less than Rs. 50 lacs

[10 lacs < T < 50 lacs]

Six months

Quarter or one month

c

Turnover is more than Rs. 50 lacs and equal to or less than Rs. 5 crores

[50 lacs < T < 5 crores]

Quarter

One month

d

Turnover exceeds Rs. 5 crores

[T> 5 crores]

One month

No option