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

Comments

No GST on Ocean freight. Hon'ble SC.

Supreme Court has pronounced its judgment in the matter of Mohit Minerals (Ocean Freight matter). While upholding the judgment of Gujarat High Court, the Supreme Court has held that recommendations of GST Council are only recommendatory and not binding on Union and State. To summarise the Hon'ble Apex Court has ruled that GST is not leviable on ocean freight. CA Yashu Goel

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.

DATE FOR FILING VAT RETURN EXTENDED

LAST DATE FOR FILING VAT RETURN FOR FIRST QUARTER OF 2013-14 EXTENDED The Value Added Tax Department has vide Circular dated 25.07.2013 extended the last date for filing online Return for the first quarter 2013-14. Class of Return Last date for online filing Last date for Hard Copy Returns - DVAT 16, DVAT 17 07/08/2013 10/08/2013 Annexure 2C and 2D which form part of the return. 07/09/2013 10/09/2013 However it may be noted that the due date for depositing tax is not changed.

N K GOEL AND BROS.

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