when is monthly returns compulsory

VAT (Legacy) 909 views 2 replies

what is the limit of turnover or criteria for the assessee to file monthly vat returns

Replies (2)

Your annual tax liability should be minimum Rs. 10 crore.

Dealers having tax paid more than Rs.10 lacs or Refund claim of Rs.1 crore in the previous year, is liable for monthly return.(Rule 17 of MVAT Rules,2005)


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