Last date for filing Stock Statement Extended

DVAT- STOCK STATEMENT AS ON 31.03.2013

In partial modification to Notification No. F.7(433)/Policy-III/VAT/ 2012/472-483 dated 16/08/2012 for filing of Stock Statement in form Stock-1 online for stock available on 31st March 2013, the last date has been extended on the basis of turnover as per chart below

Class of Dealers	Last Date for filing of stock statement in Form
Dealers having Gross Turnover (GTO) upto Rs. 1 crore during the year 2012-13	05/08/2013 5th August 2013
Dealers having Gross Turnover(GTO) more than Rs. 1 crore during the year 2012-13	05/10/2013 5th October 2013

COPY OF NOTIFICATION

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CBDT Instruction No 5/2014 dated 10.07.2014

Dear Members, The Hon'ble CBDT has issued Instruction No 5/2014 dated 10.07.2014 , by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised. The New limits are: Tax effect Appeal before ITAT Rs. 4,00,000/- High Court Rs. 10,00,000/- Supreme Court Rs. 25,00,000/- Copy of Instruction is attached for your information.

DVAT UPDATE + INCOME TAX UPDATE

Respected Members, Greetings for the day, This is for your information please: 1. Due date for E-filing DP-1 Form extended to 31.3.16 Notn. No. 1559 dt. 1.3.16. 2. Due date for E-filing CST Form-9 extended to 31.3.16 Cir. No. 39 dt. 29.2.16. 3. Due date for E-filing of CR-II for 1 to 3 Qtrs., 15-16 extended to 15.3.16 Notn. No. 1572 dt. 1.3.16. 4. Now Digital Signatures shall be Mandatory for filing DVAT returns w.e.f. 4th Qtr.,15-16 for dealers having turnover above 50 lakhs Notn. No. 1585 dt. 1.3.16. CA YASHU GOEL 9899263490 VICE PRESIDENT SALES TAX BAR ASSOCIATION

DVAT – Form T 2 form when to fill, what to do?

DVAT – Form T 2 form when to fill, what to do? The Trade and Taxes Department Delhi has issued a notification dtd. 17/05/2013 clarifying the requirements with regard to Form - T2 applicable to Purchasers/ Importers/ Dealers who are receiving goods from outside Delhi. Applicable to Whom Dealers having GTO more than or equal to Rs. 10 crores in the FY 2011-12. Exemption Dealers dealing exclusively in Tax Free Goods need not file T2. What if the turnover was not 10 crore in 2011-12 but exceeds limit in any subsequent year? T-2 shall become applicable from such subsequent year in which T/o exceeds Threshold limit. What if Turnover is 10 crores or more in one FY for example 2011-12 And then in subsequent FYs T/o is below 10 Crores what is the liability regarding T-2? Once the dealer becomes liable he shall have to file T-2 for all times to come. Even if T/o in subsequent FY is below 10 Cro...

N K GOEL AND BROS.

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