TNVAT Annual Return Procedure for Composition scheme

[Guest]

Dear Friends,

The Dealer in Furniture opted for composition scheme in TNVAT and paying 0.5% without using ITC and filing Form-K monthly return.

Whether the Annual Return is mandatory for the Dealer.? What is the Form for filing Annual Return.?

Regards

Ganesh

AI Summary

Furniture Dealer on TNVAT Scheme Seeks Guidance on Annual Return Filing; No Specific Form Identified Yet. A dealer in furniture under the TNVAT composition scheme, paying 0.5% without using Input Tax Credit and filing monthly Form-K returns, inquired about the necessity and form for filing an annual return. The response indicated that there is no specific form identified for the submission of an annual return, advising the dealer to seek written clarification from the TNVAT Department.