TaxTMI 
TaxTMI 
Due date - balance sheet with DVAT department .
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....ue date - balance sheet with DVAT department .<br> Query (Issue) Started By: - d.v. gupta Dated:- 29-12-2008 Last Reply Date:- 18-1-2013 VAT + CST<br>Got 3 Replies<br>VAT / Sales Tax<br>please tell me the last date of filing audited balance sheet with DVAT department . Reply By Surender Gupta: The Reply: As per section 49 of DVAT - such report shall be furnished by such dealer to the Commission....
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....er within twenty eight days from the end of the tax period ending on 31st December of the following year Reply By Ram Avtar Singh: The Reply: Audit Report under DVAT (Section 49) At present, section 49 is linked with the provisions of audit as prescribed under section 44AB of Income Tax Act, 1961 as amended from time to time. Hence, a dealer having turnover in excess of Rs: 60 lacs is required ....
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....to furnish a true copy of Tax Audit Report of a financial year by 28th January of the following financial year. Now the Commissioner has been empowered to prescribe the manner, form and period for submission of such audit report as well the amount of turnover of the dealer. Consequential amendment has been made in Section 86(18) in respect to penalties imposable for non-compliance to the provisio....
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....ns of this section. Reply By sanjeev bajaj: The Reply: Now, the question arises as follows: 1. Whether the commissioner under dvat act, 2004 has prescribed any manner, form and period for such audit. According to my knowledge, no such manner, form and period has been prescribed so far. (DVAT (Second Amendment) Act, 2012) 2. Whether the Audit report u/s 44AB of the I T Act is the report to b....
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....e filed. In My Opinion, No. Section 44AB is referred u/s 49 read with Rule 42A for turnover purpose, but not for the manner, Form and Period as the same has to be prescribed by Commissioner of DVAT. SANJEEV BAJAJ<br> Discussion Forum - Knowledge Sharing ....