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SALE TAX |
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Delhi Value Added Tax or in short DVAT is a tax applicable on sale of goods within Delhi. Any person with turnover within Delhi exceeding Rs. 10,00,000 is required to be registered under DVAT and is liable to collect and pay DVAT tax to the Delhi Government. Further, any person purchasing or selling good from/to outside Delhi is also liable to be registered under DVAT in addition to registration under Central Sales Tax Act (CST). A person can also apply for voluntary DVAT registration with or without CST even if he is not required take compulsory registration. There are two types of DVAT registration i.e. Normal DVAT Registration Registration under DVAT Composition Scheme
PAYMENT AND RETURN:
If Turnover Below/upto 5 Cr. Payment on quarterly basis within 21days from end of the quarter at challan DVAT20 Return required to be filled Electronically on quarterly basis on 25TH from end of the Quarter and Hard Copy within 28 Days from end of the quarter.
If Turnover Above 5 Cr. Payment on monthly basis within 21days from end of the month at challan DVAT20 Return required to be filled Electronically on monthly basis on 25TH from end of the month and Hard Copy within 28 Days from end of the month.
Note: Revised returns can be filed for correction of mistakes or errors in DVAT-16. The monthly/quarterly dealers are not required to submit hard copies of Annexures 2A & 2B along with the hard copies of their returns. Only print out of receipt generated online for filing Annexures 2A & 2B need to be attached with the hard copies of the returns.
ANNUAL RETURN: At DVAT 51. Quarterly Return Statement of Inter-State Sales/ Branch Transfer or CST Reconciliation Statement is to be submitted within 3 months of the end of the relevant quarter. April-June 30th September July-Sep 31st December Oct-Dec 31st March Jan- Mar 30th June
HARYANA VAT: Under Haryana VAT if sales within Haryana exceeding Rs. 5,00,000 is required to be registered under HVAT.
PAYMENT AND RETURN:
If Turnover Below 1Cr. Payment on quarterly basis within the month immediately following the quarter. But If a dealer (other than a lumpsum dealer and casual trader) whose aggregate liability to pay sale tax under the HVAT Act & CST Act during the preceding year was One Lakh Rupees or above is required to pay the tax by 15th day of the month immediately following the quarter
If Turnover Above 1Cr. Payment on monthly basis within the month immediately following the month. But If a dealer (other than a lumpsum dealer and casual trader) whose aggregate liability to pay sale tax under the HVAT Act & CST Act during the preceding year was One Lakh Rupees or above is required to pay the tax by 15th day of the close of the month.
Quarterly return in Form VAT-‘R1’ on or before the last day of the month following the quarter.
Annual return in Form VAT-‘R2’ on or before 30th Nov of the immediately succeeding year.
PUNJAB VAT: Under PVAT if sales within Punjab exceeding Rs. 5,00,000 is required to be registered under PVAT. TOT registration required if turnover exceeds 5 Lacs. (Register Person) VAT registration required if turnover exceeds 50 Lacs (Taxable Person) If turnover is upto 5 Lac (within Punjab) no registration required (Unregister Person) If turnover exceeds 50 Lac Annual return must be audited by CA. Monthly Payment if turnover exceeds 1Cr. or annual tax of preceding year was 2Lac or above Payment by CHQ within 20th day and after CASH by 30th day of month. Quarterly return on or before the last day of the month following the quarter. Annual Statement filling due date 20th of November of the immediately succeeding year.
Punjab Vat Ready Reckoner. Punjab Vat Ready Reckoner (PDF)
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