TNVAT - Annual Return

[Asked by Guest]

Sir / Madam,

We are Chemical Fertilizers and Pesticides dealer. All the goods we deal are exempted and our annual turnover is appx ₹ 2 crores. Can i file Annual VAT Return instead of Monthly VAT Return. Thanks in advance.

[YAGAY and SUN]

Dear Govarthan,

If you're dealing in exempted goods, then, no need to get the Registration under TNVAT Act and also there is no requirement to submit the statutory returns.

Regards

YAGAY and SUN

(Management, Business and Indirect Tax Consultants)

AI Summary

TNVAT registration: dealers of exempt goods need not register or file statutory VAT returns annually or monthly.
Where goods are exempt under the TNVAT Act, registration is not required and there is no obligation to submit statutory VAT returns, so dealers of exempt goods need not file monthly or annual VAT returns.