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									                Yearly Calendar for F.Y. 11-12 for VAT, Central Sales
                         Tax, Entry Tax & Professional Tax
                                                     ………Compiled by R.S. Goyal
                                                                                          Tax Consultant
                                                                                  Visit- www.rsgoyal.com

Month Work to be done                     Due date                              Remark
    July ACTUAL Monthly Tax               On or         If the liability of tax exceeds 6,25,000/- per Quarter
           Payable for the Month          before        or Rs.25,00,000/- Per annum.
           of June                        30th July
           AVERAGE*/Actual                Upto          If the liability of tax exceeds Rs. 15,000/- Per
           Tax for the Month of             30th July   Quarter but below Rs. 6,25,000/- Per Quarter.
           June Plus Balance of
           Tax (If Any) for the
           Quarter from 01 Apr to
           30th June
           ACTUAL Tax Payable             Upto          If the liability of tax is below Rs. 15,000/- Per
           for the Quarter from 1st       30th July     Quarter.
           April to 30th June
           Filing of Quarterly            Upto          In All the Cases.
           Return for the Quarter         30th July
           from 1st April to 30th
           June
           To file Revised                Up to      Please note that if there is any mistake in filing
           Returns for the dealer         31th July  of all the four quarters filed by the dealer, it can
           having turnover below                     be rectified by filing revised quarterly returns
           Rs. 60 Lacs in the                        along with tax due thereon. If the dealer filed
           pervious year                             the revised return upto 31st July. then the
                                                     department is bound to accept the same
                                                     and the dealer would not be liable for penalty
                                                     for filing of false returns. If the revised returns
                                                     of the dealer ( having turnover below Rs. 60 lacs
                                                     ) is filed after 31 st July then the department
                                                     may deny to accept the same and the dealer may
                                                     not be eligible for self assessment.
Average* :-Average Tax means 1/3 of the tax deposited in respect of quarter of the previous year
corresponding to such quarter.



Professional Tax of Employees
Month      Work to be done              Due date        Remark
April      To deduct & deposit          10th of Next    The liability of Professional Tax on the person who
           Professional Tax from        Month           is in
to
           the salaries of                              employment is based on his annual salary. The
March      Employees. The return                        current rate of
           are to be filed quarterly.                   Professional Tax to be deducted is as under
                                                         Up to Rs. 1,20,000/-   NIL           NIL
                                                         Exceeds Rs.            Rs 1,000/-    Rs 83/- first
                                                         1,20,000/-                           11 month
                                                         but less than Rs.                    and Rs. 87/-
                                                         1,50,000/-                           in last
                                                                                              month
                                                           Exceeds Rs.          Rs 1,500/-       Rs 125/- per
                                                           1,50,000/-                            month
                                                           but less than Rs.
                                                           1,80,000/-
                                                           Exceeds Rs.          Rs 2,500/-       Rs 208/- first
                                                           1,80,000/-                            11 month and
                                                           and above                             Rs. 212/- in
                                                                                                 last month

                In addition to the aforesaid monthly calendar, we are giving
                    hereunder the calendar on the basis of various Jobs.
1) Assessment (In case the dealer is not qualified for self Assessment.
a) for Financial Year 2008-09 ....... 31st December 2010 Extended Up to 30th April 11
b) for Financial Year 2009-10 ....... 31st December 2011
2) Application for Rectification of Mistake :- Within one year from the date of the order
sought to the rectified.
3) Application for setting aside the ex parte order:-
The application for setting aside the ex parte order can be filed within 30 day from the date
of service or knowledge of such order. The application must be accompanied by
satisfactory proof of payment of the amount of tax admitted by the dealer.
visit:-www.rsgoyal.com
4) To file Ist Appeal Within 30 days from the receipt of the Assessment/
Penalty Order. This is the condition precedent that the dealer had to deposit admitted tax
and 10% of the remaining amount over and above the admitted tax paid by the dealer. In
case of by parte order. In case of exparte order the dealer had to deposit admitted tax and
5% of the remaining amount over and above the admitted tax paid by the dealer. For
getting stay for remaining amount, the dealer had to file separate application by affixing
Court Fee Stamp.
The dealer had to affix Court Fee Stamps as per details given below :-
Particulars                              Court Fee Stamps                                             Remark
Form No. 42 for Appeal under             1) Minimum Rs. 10
VAT / ET Act & Form 14 in CST            2) 0.1% of Extra Tax Demand such as from Rs.
Act (Memorandum of 1st Appeal)           10000 Court Fee Stamp of Rs. 10/-
                                         11000 Court Fee Stamp of Rs. 11/-
                                         .....And Rs. 99,000/- Court Fee Stamp of Rs. 99/-
                                         3) Maximum of Rs. 100/-
Power of Attorney                        Rs. 10/-
Stay Application                         Rs. 5/-

5) To file IInd Appeal Within 60 days from the receipt of the Ist Appeal Order. This is the
condition precedent that the dealer had to deposit 20% of the remaining amount, out of
the total balance due from the dealer after the order passed in first appeal. For getting stay
for remaining amount, the dealer had to file separate application by affixing Court Fee
Stamp.
The dealer have to affix Court Fee Stamps as per details given
below :-
Particulars                Court Fee Stamps                       Remark
Form No. 43 for            1) Minimum Rs. 10
Appeal under VAT /         2) 0.1% of Extra Tax Demand
ET Act & Form 14 in        such as from Rs.
CST Act(                   10000 Court Fee Stamp of Rs. 10/-
memorandum of IInd         11000 Court Fee Stamp of Rs. 11/-
Appeal)                    .....And Rs. 99,000/- Court Fee
                           Stamp of Rs. 99/-
                           3) Maximum of Rs. 100/-
Power of Attorney          Rs. 10/-
Stay Application           Rs. 10/-
Original Appeal Order      Rs. 5/-
Process Fee                Rs. 5/-


6) Composition U/s 11
i) To file quarterly return in form no. 5 within one month of end of the quarter, by a dealer
having turnover below Rs. 60 Lacs, who applied for composition U/s 11.
ii) In case of New Registration to apply for composition within 30 days from the date of
grant of Registration.
visit:-www.rsgoyal.com
iii) The dealer whose annual turnover ordinarily does not exceeds Rs. 20 Lacs or whose
Lump-Sum Payment in a year does not ordinarily exceeds Rs. 10,000/- shall furnished
Annual Return in form no. 5 within 30 days of expiry of the year along with copy of
challans of Lump-Sum payment for every quarter to be made with in 30 days of expiry of
the quarter.
7) Composition U/s 11-A
a) To file Composition Application in form 4-A by contractor U/s 11-A of M.P. Vat Act
with in 60 days from the date of Commencement of execution of work contract, the
composition fees has to be deposited within 30 days from receipt of the amount from
the contractee.
b) To file quarterly statement in form 4-B within one month of end of the quarter, by a
contractor who applied for composition U/s 11-A.
8) In case of Cancellation of Registration Certificate due to Non filing of Returns, the
Application for restoration of R.C. is to be filed within 30 days, by depositing Rs. 2000/-
before the registering authority.
9) Composition of Penalty U/s 21(4), 52(4) & 55(6) for omission in Reassessment, for
Concealment of Turnover & for Excess of Stock at the time of Search & Seizure
respectively.
To apply in form no. 65 for composition of penalty within 30 days from the receipt of
demand notice by depositing the composition amount, which is equal to twice the amount
of penalty imposed.
10) Composition of Penalty U/s 55-A
To apply in form no. 65-A for composition of penalty on the date of Search & Seizure or
in case of Books & other documents were seized in container, then at the time of opening
of such container. It is to be noted that the dealer had to deposit the composition money
along with the form no. 65-A.
11) Composition of Penalty U/s 57 (8)
To apply in form no. 65 for composition penalty within 15 days from the receipt of
demand notice by depositing the composition amount, which is equal to twice the amount
of penalty imposed.
12) Application for Cash Refund of ITR
The application for early assessment of a Quarter for getting Cash refund of Export
sales made out of purchases made from Registered dealer of M.P., is to be filed
along the return for that quarter or before the due date of filling return for the next
quarter, The application for early assessment of a year is to be filed before the due
date for filing first quarterly return of the subsequent year
13) Amendment in Registration Certificate :- Within 30 days from the date of
occurrence of event.
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14) Vat Audit Conducted by Commercial Tax Department:- With in 6 Months after
receipt of the notice.
Disclaimer :- Although Every efforts has been made to insure that this monthly calender
is free from errors or omissions but we are not responsible for any kind of Loss or
damages to any one on account of any error or omissions which might have occurred.

								
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