CA. PATHIK B.

SHAH
B.COM, LL.B., FCA , DISA (ICAI), DIRM (ICAI)

VALUE ADDED TAX ACT 2003

Payment of Tax

The Payment of Tax is required to be made with in 22 Days

from the end of the Month / Quarter to which the return

relates.

Dealer dealing in the commodities mentioned in Schedule III

are required to make the Payment of Tax within 12 Days

from the end of the respective Month.

If Dealer has paid VAT Tax of Rs.10 Lac of more during

2007-08 or afterwards than it is mandatory make the EPayment of Tax.

In case of payment made otherwise than in cash than, the

date of realization of payment in the Government Treasury

shall be the date of payment as per Rule 26 (9).

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Select E- Payment

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Link to Cyber Treasury

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Enter Login ID & Password

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Select Appropriate Tax

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Fill the Challan

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METHODS FOR FILING RETURNS

MONTHLY /
QUARTERLY
RETURNS

PAPER RETURN
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E- RETURN

Return & Payment of Tax

Dealer to whom permission to pay Lump sum Tax has been granted U/s.
14, 14A ,14B, 14C and 14D.
Section
14
14A
14B
14C
14D

Return
202 , 202A
202 , 202A
202 , 202B , 202C
202 , 202A
202 , 202A

The Return will be Quarterly Return and If Payment of Tax is more than

60,000 in previous year or current year than Monthly Payment of Tax else
Quarterly payment of Tax.

Returns for TDS to be filed on Quarterly basis on the website of

Department by contractee for the amount deducted as tax in accordance

with Sec 59B Form No. 216A & Declaration in Form No. 704.
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Return & Payment of Tax

Trader will have to file the
Quarterly Return in Form No. 201 ,
201A , 202 B and half yearly 201C.
&
If Payment of Tax is more than
60,000 in previous year or current
year than Monthly Payment of Tax
else Quarterly payment of Tax.

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Special Category of Dealers

Following Special Dealer will have to make the

Payment of Tax as well as submission of Return

on monthly Basis.

Incentive of Sales Tax Exemption in Form No.203

and Sales Tax Deferment in Form No. 204.

Every registered dealer dealing in the commodities

mentioned in the Schedule III to the Act [i.e H.S.D.

Aviation Fuel etc], Returns in Form 212 & 213.
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Special Category of Dealers

Imports the goods into or exports the goods out of the territory of

India.

Dealer who has established an industry in the Special Economic

Zone or who is the developer of the Special Economic Zone.

Dealer who is entitled to the benefit of refund under section 40.

Dealer who is entitled to the benefit of remission under sub-

section (1) of section 41.

Non Localised Dealer ( NLD)

Return will be in Form No. 201 ,201A , 201B , 201C under

VAT Act & 3B ,CST Purchase , CST Sales under the Central
Sales Tax Act.
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Others

Rest of all the Dealers who are not covered

above have to Pay the Tax as well as file

the Return on Monthly Basis if the Tax
payable by them exceed Rs. 60,000/-.

If Tax Payable is less than 60,000 Payment

of tax as well as submission Return will be

on Quarterly basis.

If dealer does not pay the amount of Tax

within the time prescribed than Interest
@ 18% will be payable from the expiry of
the aforesaid prescribe time and ending
on the date of payment of tax.

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Mandatory E- Filling of Returns under

VAT & CST Act
A registered dealer

whose taxable turnover in the previous year or during the year

has exceeded Rs. 50 Lacs.

who makes zero rated sale under section 5A.

Who Imports the goods into or Exports the goods out of the

territory of India.

who being an eligible unit has obtained a Certificate of

Entitlement under rule 18A.

who is a Developer or a Co-developer of Special Economic Zone.

who is a unit carrying on its business in the processing area or in

the demarcated area of Special Economic Zone.

who is registered under the provisions of the Central Sales Tax

Act, 1956.

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Mandatory E- Filling of Returns under

VAT & CST Act

Dealer who deals in the commodities mentioned as under:

Timber ,Ceramic tiles, Scrap of iron and steel, Tobacco and

tobacco products (excluding unmanufactured tobacco) ,Major
Minerals as may be specified by the Commissioner.

Dealer to whom permission to pay Lump sum Tax has been

granted U/s.14A ,14B, 14C and 14D when Turnover exceeds

Rs. 75 Lacs.

The Dealer who are getting refund U/s. 40.

Dealer who is entitled to the benefit of remission under sub-

section (1) of section 41.

Non Localised Dealer ( NLD)

The Dealers who are dealing in Commodity mentioned in

Schedule III.

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Time Limit for Filling Returns

 For E Return

If Tax Payable for the Month is 5,000 or less than Rs.5,000 than within 60

days from the end of the respective Month.

If Tax Payable for the Month is 5,000 or more than Rs.5,000 than within

70 days from the end of the respective Month.

In case of Dealer who are liable for Quarterly E- Filing of Return than

within 75 Days from the end of Quarter.

 For Paper Return

Within 30 Days from the end of the Month / Quarter
 Revised Return - If after furnishing a return if any dealer discovers

any error, omission , or incorrect statement therein ,he may furnish a

revised return before the expiry of One Month from the last date
prescribed for Original Return.
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Annual Return under VAT Act.

Every Registered dealer shall furnish Annual Return by way of Self Assessment to
the Commercial Tax Officer within whose jurisdiction his chief place of business is
situated.

Registered dealer who is co operative society engaged in the manufacture of

Sugar or Khandsari shall furnish annual return on or before 31st December after
end of year to which return relates [ Form No. 205 & 205A ].

Dealer who are liable for VAT Audit shall furnish Annual return within 9 month
from the end of the year to which annual Return relates.[ Form No. 205 & 205A].

Dealer to whom permission to pay Lump sum Tax has been granted U/s. 14, 14A
,14B, 14C and 14D within 3 Months [ Form No. 202 ].

Dealer who holds Incentive of Sales Tax Exemption in [ Form No.203 ] and Sales
Tax deferment in [Form No. 204].

Any other dealer will have to file within 3 Month from the end of the Year to which
return relates [ Form No. 205 & 205A.]

In case Turnover Exceed Rs. 1 Crore than E- Filing is also

mandatory.

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Penalty for Late Filing of Returns

Penalty for non submission of return in time - Penalty can be

levied Rs.100/- per day for first 7 days thereafter Rs. 100 + Rs.
100 per day up to 30 days. Thereafter Rs. 3,000 per month of
part of month with a maximum limit of Rs.10,000/-.

A dealer having turnover of Less than 75 Lacs and opted for

lump sum payment of Tax penalty can be levied up to ceiling
of Rs.1000/- only.

A dealer doing sales, purchase transactions as mention in

Rule 19 (3A) and mentioned in 19(3B) submitting returns on
quarterly basis and tax payment less than Rs.60000/- then
penalty can be levied up to Rs.2000/- only.
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Hindustan Steel Ltd. 25 STC page 211 (SC)

Whether penalty should be imposed for failure to

perform a statutory obligation is a matter of discretion

of the authority to be exercised judicially and on a
consideration of all the relevant circumstances. Even
if a minimum penalty is prescribed the authority
competent to impose the penalty will be justified in
refusing to impose penalty ,when there is a technical
or venial breach of the provisions of the act or where
the breach flows from a bonafide belief that the
offender is not liable to act in the manner prescribed
by the statute .
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E- Filing of VAT - Returns

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Use Login ID and Password

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Select E- Return

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Download the Forms

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Upload the Forms

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Generate Acknowledgement

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Verification of Input Tax Credit

 Now You can verify the Input Tax Credit claimed by

you in Form No. 201B with the data uploaded by the

vendor in Form No. 201A.
 The mismatch cases are highlighted with red color

,which requires your immediate action.

 The Input Tax Credit which is not reconciled will be

displayed on the website.

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Login to Website

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Click on ITC Profile

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Select the Tax Period

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Following Screen will Appear

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THANK YOU