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. visit:-www.rsgoyal.com 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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