Mandatory goods description and item codes required in specified VAT returns; consolidated list published online for compliance. The circular mandates standardized descriptions of goods and accompanying item codes for use in DVAT-30, DVAT-31 and DVAT return Form 16 and its annexures, requiring all registered dealers to adopt the department's consolidated list (including items not in existing schedules) published online after stakeholder consultation, and making such use compulsory for the applicable tax periods.
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Mandatory goods description and item codes required in specified VAT returns; consolidated list published online for compliance.
The circular mandates standardized descriptions of goods and accompanying item codes for use in DVAT-30, DVAT-31 and DVAT return Form 16 and its annexures, requiring all registered dealers to adopt the department's consolidated list (including items not in existing schedules) published online after stakeholder consultation, and making such use compulsory for the applicable tax periods.
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