VAT AUDIT FOR ANNUAL RETURN FILING UNDER TAMILNADU VAT

[Guest]

WIsh to know whether it is a mandaotry one to undergo Audit for Tamilnadu VAT return filing for 100% EOUs also since they are covered under zero rated supplies only. Those who have knowledge on this may please clarify.

[YAGAY andSUN]

Government of Tamil Nadu has issued instruction on filing of VAT audit report in Form -WW

NOVEMBER 28, 2018 FISCAL, INDUSTRIES, TAMIL NADU 8

Commercial Tax Department- Government of Tamil Nadu has issued Instructions that every registered dealer under Tamil Nadu VAT Act, 2003 whose total turnover for the period from 1st April, 2017 to 30th June, 2017 exceeds ₹ 1 crore are allowed to submit manual audited statements of accounts in VAT Form – WW .

Further it also been clarified that every registered dealer dealing in the goods i.e., petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas, aviation turbine fuel and alcoholic liquor for human consumption can also submit manual audited statements of accounts in VAT Form – WW for the entire Financial year 17-18.

[Ganeshan Kalyani]

yes, it is required to file Form WW even in case of zero-rate sale.

[Ganeshan Kalyani]

Refer clarification vide Letter No. Drafting Cell-I/41035/2018, dated 28.12.2018.

[Ganeshan Kalyani]

In the clarification vide Letter No. Drafting Cell-I/41035/2018, dated 28.12.2018, it is stated that 'as per Section 63-A of the Tamil Nadu Value Added Tax Act, 2006, every registered dealer whose turnover including zero-rate sale and sale in course of inter-state trade or commerce in the year 2017-18 (upto 30.06.2017), exceeds one crore rupees shall get his accounts in respect of that year, audited by an Accountant and submit a report of such audit in the prescribed form, duly signed and verified by the Accountant, to the Assessing authority, on or before 31.12.2018.

AI Summary

Tamil Nadu mandates VAT audits for EOUs with turnover over 1 crore, including zero-rated sales, per Form WW. A discussion on a forum addressed whether it is mandatory for 100% Export Oriented Units (EOUs) to undergo VAT audit for Tamil Nadu VAT return filing, given their zero-rated supplies. The Tamil Nadu government requires every registered dealer under the Tamil Nadu VAT Act, 2003, with a turnover exceeding 1 crore from April 1, 2017, to June 30, 2017, to file manual audited statements in Form WW. This requirement also applies to dealers of specific goods like petroleum and alcohol. It was confirmed that even zero-rate sales must comply, as clarified in a government letter.