TaxTMI 
TaxTMI 
please tell me the last date of filing audited balance sheet with DVAT department .
Due date - balance sheet with DVAT department .
29 Dec 2008 
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Audit report filing under DVAT: obligation to furnish audit report to Commissioner, with manner and period subject to Commissioner prescription.
Section 49 of DVAT requires dealers to furnish an audit report to the Commissioner within twenty eight days from the end of the tax period ending on 31st December of the following year; the provision references income tax audit provisions for turnover qualification. The Commissioner may prescribe the manner, form and period for submission and set turnover limits, and amendments address penalties for non compliance. Practitioners record that no Commissionerial manner, form or period had been prescribed as of the cited update, and dispute whether the income tax audit report itself is the mandated DVAT filing or only a turnover reference. (AI Summary)
Section 49 of DVAT requires dealers to furnish an audit report to the Commissioner within twenty eight days from the end of the tax period ending on 31st December of the following year; the provision references income tax audit provisions for turnover qualification. The Commissioner may prescribe the manner, form and period for submission and set turnover limits, and amendments address penalties for non compliance. Practitioners record that no Commissionerial manner, form or period had been prescribed as of the cited update, and dispute whether the income tax audit report itself is the mandated DVAT filing or only a turnover reference. (AI Summary)