Change of tax period requires filing Form DVAT 55 by the prescribed deadline to effect tax-period alteration. Dealers seeking to change their tax period for 2009-10 must file an intimation in Form DVAT-55 to the Commissioner under Rule 26 within the prescribed initial statutory window; Rule 26 prescribes baseline tax periods by preceding-year turnover and permits specified options to shorter periods, but any option exercised for a year is irrevocable for that year. The circular makes timely filing mandatory and states intimations will not be accepted after the deadline.
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Provisions expressly mentioned in the judgment/order text.
Change of tax period requires filing Form DVAT 55 by the prescribed deadline to effect tax-period alteration.
Dealers seeking to change their tax period for 2009-10 must file an intimation in Form DVAT-55 to the Commissioner under Rule 26 within the prescribed initial statutory window; Rule 26 prescribes baseline tax periods by preceding-year turnover and permits specified options to shorter periods, but any option exercised for a year is irrevocable for that year. The circular makes timely filing mandatory and states intimations will not be accepted after the deadline.
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