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

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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

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

N K GOEL AND BROS.

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