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.

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.