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Implementation of Advance Information to be furnished by banquet halls, etc extended

The department of trade & taxes, Delhi has extended the date of implementation regarding furnishing of advance information in respect of functions organised in Banquet Halls, Farm Houses, Marriage/ Party Halls, Hotels and Open Grounds etc. as 2nd fortnight of January, 2014 instead of 1st fortnight of January, 2014.
Copy of Notification available

Last Date for filing of AR-1 Extended

The department of trade and Taxes, Delhi has extended the last date for filing of AR-1 from 31-12-2013 to 10-01-2014.

Copy of  Notification is available Here




Advance Information About Booking From Banquet Halls, etc

Reversal of Input Tax credit in respect of Credit/ Debit Note

The VAT department, Delhi has clarified its stand on the reversal of input tax credit in respect of credit/ Debit Note vide circular no.30 dated 19/12/2013



PROCEDURE FOR FILING R10 IN FORM 1

Due Date for Deposit of Advance Income Tax extended

The CBDT vide its  Order dated 13.12.2013 under section 119(2)(a) of the Income-tax Act, 1961 has extended the last date of payment of the December Quarter Instalment of Advance Tax for the financial year 2013-14 from 15th December 2013 to 17th December 2013 for all the assessees, Corporate and other than Corporates.
Copy of Order is available here

Last Date for Filing of R.10 block of Form1 for 2009-10, 2010-11, 2011-12 and 2012-13 and 2nd Quarter return of 2013-14 extended

The department of Trade & Taxes, Government of NCT Delhi has extended the Last Date for Filing of return for 2nd Quarter of 2013-14, including  block R.10 of CST Return in Form1 for 2009-10, 2010-11, 2011-12 and 2012-13, upto 31st December, 2013. The print/ hard copy of the acknowledgement in Form DVAT 56 should be submitted upto 3rd January, 2014. The dealer who have filed the 2nd Quarter return of 2013-14 in the old format shall also file the return in the amended format for 2nd Quarter return by the aforesaid dates.
Copy of Circular No. 29 of 2013-14


Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of the DVAT Act 2004.

DVAT amendment Act 2013 dated 28/03/2013 wef 01/04/2013 inserted section 87(6) this sub-section gives AUTOMATIC MITIGATION (Reduction)of 80% penalty u/s 86 if:

          ·A person liable to pay penalty           ·Voluntarily discloses IN WRITING What – Existence of tax deficiency When – During the course of proceeding u/s 60 ie. Survey etc. Condition for mitigation ·Pay such tax deficiency ·within 3 working days of ·Conclusion of the proceeding u/s 60. Then ·80% penalty against the ·admitted and paid tax ·shall be mitigated/Reduced AUTOMATICALLY
     Now, govt. has issued Circular No. 28 of 2013-14 dtd. 03/10/2013 which prescribes the procedure for      this voluntary disclosure u/s 87(6) discussed above, which is as follows:-

          1.Admit the amount of cash variation, Stock variation and other discrepancies during the course of proceedings u/s 60.           2.Show the admitted amount as un-vouched/ unaccounted, retail cash sale, · for one or more tax periods ·prior to the tax period …

Last Date For Filing R10 block of form1 for 2009-10 extended

The department of trade and taxes, government of NCT of Delhi has extended the last date for filing of R10 block for 2009-10 in Form 1 for 2nd Quarter of 2013-14 to 15.12.2013. The hard copy of the same is to be submitted upto 16th December 2013.

Copy of Notification also available




LAST DATE FOR FILING AR-1 EXTENDED

The Value Added Tax Department has vide notification No. F-3(384)/Policy/VAT/2013/1029-1041 dated 29.11.2013 extended the last date of submission of audit report in Form AR-1, by dealers having turnover of Rs 10 crore or more in 2011-12 or 2012-13 from 02/12/2013 to 31/12/2013

Copy of notification also available


LAST DATE FOR FILING VAT RETURN FOR SECOND QUARTER OF 2013-14 FURTHER EXTENDED

The Value Added Tax Department has vide Circular No. 26 dated 20.11.2013 further extended the last date for filing online Return for the second quarter of 2013-14 in form DVAT-16, DVAT-17 and DVAT-48 along with required annexures , and submission of hard copy alongwith required enclosures as per schedule given below

Type of Dealer Last date for online filing Last date for filing Hard Copy
All Dealers
25/11/2013 28/11/2013
However, the tax due shall continue to be paid in the usual manner as per the provisions of section 3(4) of the Delhi Value Added Tax Act, 2004.
Copy of notification also available

LAST DATE FOR FILING VAT RETURN FOR SECOND QUARTER OF 2013-14 FURTHER EXTENDED

The Value Added Tax Department has vide Circular No. 24 dated 11.11.2013 extended the last date for filing online Return for the second quarter of  2013-14 in form DVAT-16 and DVAT-17 along with required annexures , and submission of hard copy of acknowledgement in Form DVAT-56 as per the schedule  given below
Type of Dealer Last date for online filing Last date for filing Hard Copy GTO >Rs 10.00 crore for in the year 2012-13 20/11/2013
22/11/2013

However, the tax due shall continue to be paid in the usual manner as per the provisions of section 3(4) of the Delhi Value Added Tax Act, 2004.
Copy of notification also available



Clarification for filing online return of DVAT for 2nd qtr

The DVAT department has issued clarification in respect of returns being filed for 2nd qtr.

1.Block R10 of CST return filed in Form 1 is part of the return. For the convenience of  dealers relaxation for filing the said block by 30th November, 2013 for the year 2009-10 and 31st December, 2013 for other years have been given for 2nd quarter return of 2013-14 only. However, non-filing of this block after the extended date shall involve imposition of penalty under section 86 of the DVAT Act, 2004.
2. Filling up tax contribution in block R3 of DVAT return filed in Form DVAT-16 is being made non-mandatory for the 2nd quarter return of 2013-14 only. In future, information would need to be supplied while filing the return.


ITAT Has No Power To Dismiss Appeal For Non-Appearance: Bombay High Court

Bharat Petroleum Corporation Ltd vs. ITAT (Bombay High Court)Tribunal has no power to dismiss appeal for non-appearance of appellant. It has to deal with the merits. An application for recall of an ex-parte dismissal order is under s. 254(2) & must be filed within 4 years from the date of the order. The Tribunal must permit “mentioning” of matters
The assessee’s appeal was fixed for hearing before the Tribunal on 4.12.2007. As nobody appeared for the assessee, the Tribunal dismissed the appeal for want of prosecution. The assessee filed a Miscellaneous Application before the Tribunal on 6.8.2012 seeking to recall the exparte order. The Tribunal dismissed the MA on the ground that the application for recall had been filed beyond a period of 4 years from the date of the ex-parte order. The assessee filed a Writ Petition contending that (a) the Tribunal had no power under Rule 24 to dismiss an appeal for want of prosecution, (ii) an application for recall of an ex-parte …

Last Date for filing income tax returns extended to 31st Oct 2013 where due date was 30.09.2013

The CBDT vide its order u/s 119 of Income Tax Act 2013 dated 24th October 2013 extends the due of furnishing report of audit and corresponding income tax returns from 30th September 2013 to 31st October 2013 where the same are furnished electronically. 
Copy of order enclosed

LAST DATE FOR RECTIFICATION OF MISMATCH IN 2A & 2B EXTENDED

The Value Added Tax Department has extended the last date for rectifying the mismatch in 2A & 2B to 31st October 2013

Extension of due date of filing of VAT return for 2nd Qtr of 2013-14

LAST DATE FOR FILING VAT RETURN FOR Second QUARTER OF 2013-14 EXTENDED

The Value Added Tax Department has vide Circular No. 18 dated 01.10.2013 extended the last date for filing online Return for the second quarter of  2013-14 in form DVAT-16 and DVAT-17 along with required annexures , and submission of hard copy of acknowledgement in Form DVAT-56 as per the schedule  .


Type of Dealer Last date for online filing Last date for filing Hard Copy GTO <Rs 1.00 crore for in the year 2012-13 25/11/2013 28/11/2013 GTO > Rs 1.00 crore but <Rs10 crore in the year 2012-13 20/11/2013 22/11/2013 GTO > Rs 10.00 crore in the year 2012-13 11/11/2013 18/11/2013

However it may be noted that the due date for depositing tax is not changed.
Copy of notification also available



FREQUENTLY ASKED QUESTIONS (FAQs) ON e-FILING OF TAX AUDIT REPORT

FREQUENTLY ASKED QUESTIONS (FAQs) ON e-FILING OF TAX AUDIT REPORT (Developed by Direct Taxes Committee of ICAI in consultation with the Officials of Directorate of Income-Tax (Systems)
Note: This document deals with those FAQ’s which are not covered in the e-filing portal. The members may visit the www.incometaxindiaefiling.gov.in for other FAQ’s. [Go to home page of www.incometaxindiaefiling.gov.in, click on ‘Help’ menu at right topmost corner of the page, then click on the link as may be considered necessary]
1. What is the complete procedure to upload tax audit reports by Tax Professionals? The procedure of e- filing is explained at the following path of e-filing website: https://incometaxindiaefiling.gov.in/e-Filing/Portal/StaticPDF/Registration_Services.pdf?0.2231070064008236 However, the procedure in brief is mentioned below:
Step- I Registration on e-filing portal Action by Chartered Accountant a) Access www.incometaxindiaefiling.gov.in
b) Click on ‘Register Yourself’ tab and select the use…