VAT AUDIT FOR ANNUAL RETURN FILING UNDER TAMILNADU VAT

[Asked by 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 and SUN]

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

Turnover threshold audit requirement: audited VAT accounts must be filed in Form WW even for zero rated suppliers including EOUs.
Every registered dealer whose turnover, including zero rate sales and inter state sales, exceeds one crore rupees for the relevant period must have accounts audited by an accountant and submit the audit report in Form WW to the assessing authority; this requirement extends to dealers making zero rated supplies, including 100% EOUs, and certain dealers in specified goods may submit manual audited statements in Form WW for the financial year.