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Workshop on TNVAT,CST AND SERVICE TAX
A presentation by
CA. J. MURALI
&
CA.V.V. SAMPATH KUMAR
AT
SIRC OF ICAI
ON
30.04.2016
CA.J.Murali - 9841028000 1
What were we doing
WHAT SHALL WE DO
CA.J.Murali - 9841028000 2
29/01/2016
www.tnvat.gov.in
https://ctd.tn.gov.in
CA.J.Murali - 9841028000 3
PARTICULARS OLD SYSTEM NEW SYSTEM
TIN REGISTRATION
MANUAL ONLINE
VAT RETURNS ONLINE ONLINE
REVISED RETURNS
MANUAL ONLINE
FORM - RFORM -T
MANUAL ONLINE
TDS PAYMENTS BY CHEQUE /DD ONLINE
TAX PAYMENT ONLINE/BANK COUNTER
ONLINE/BANK COUNTER
APPEAL FEES AT RBI/TREASURY ONLINE
FORM WW MANUAL ONLINEAPPEAL MANUAL MANUAL/ONLINE
CANCELLATION MANUAL ONLINE
CA.J.Murali - 9841028000 4
HOW DO WE DO
CA.J.Murali - 9841028000 5
CA.J.Murali - 9841028000 6
EXISTING DEALERS
CA.J.Murali - 9841028000 7
Sign upRegister Unique Cell Number and E-mail
ID
CA.J.Murali - 9841028000 8
ONE TIN
ONE ID
Sign up• LOG ON TO HTTPS://CTD.TN.GOV.IN
• SELECT NEW USER/EXISTNG ASSESSEE• PROVIDE TIN NO ,MOBILE AND EMAIL• CONFIRMATION TO MAIL AND MOBILE• CLICK THE LINK FROM REGISTERED
EMAIL• RECONFIRM THE DETAILS• LOGIN ID LOGIN PASSWORD AND
TRANSACTION PASSWORD WILL BE SENTCA.J.Murali - 9841028000 9
Sign up
Login ID password and Transaction Password to be changed
CA.J.Murali - 9841028000 10
DATA REQUIRED FOR DEALER DATA CORRECTION
Existing dealers should update at the earliest so that they can
file their FUTURE monthly returns WHEN NOTIFIED
Dealers Details.xlsx
CA.J.Murali - 9841028000 11
REGISTRATION
OLD/PRESENT SYSTEM Manual application
Hard copy of the documents and Photo to be affixed
Fees in the form of DD of Rs.500/-
Fees for Additional place of business Rs.50/-
NEW SYSTEM
Online application
Documents and photo to be uploaded in PDF & JPEG format
E-Payment of fees Rs.1000/-
Fees for Additional place of business Rs.1000/-CA.J.Murali - 9841028000 12
New REgistration
Online payment Head office – rs.1,000/-
Branch office- Rs.1,000/-
CA.J.Murali - 9841028000 13
New REgistration
• Photos – JPEG OR JPE FORMAT
• OTHER DOCUMENTS – pdf format
CA.J.Murali - 9841028000 14
NEW FEATURE
DIGITAL SIGNATURE CERTIFICATE
CA.J.Murali - 9841028000 15
SOFTWARE REQUIREMENTS FOR DEALER DATA CORRECTION
Internet Connectivity
Windows 7/ VISTA Operating System/Linux
Internet Explorer 8+ or Google Chrome 27+ or Mozilla
Adobe PDF reader
MS-office 2007/2010 or Open Office with Macros enabled
CA.J.Murali - 9841028000 16
SOFTWARE REQUIREMENTS FOR DEALER DATA CORRECTION Cont…
ZIP utility ( Win Zip/7z)
Java Runtime Environment Version 6 (JRE 6), in case you want to use Digital Signature Certificate
USB port to use digital certificate token
Digital Signature token/Certificate (optional)
CA.J.Murali - 9841028000 17
LIST OF VAT RETURNS
CA.J.Murali - 9841028000 18
VAT FORM I - MONTHLY
29 ALL TAX PAYERS
VAT FORM K - MONTHLY
2 TAX PAYERS REGISTERED UNDER ALL COMPOSITION SCHEME
(U/S 3(4),6,6A,8)
VAT FORM N - ANNUALLY
0 IN CASE OF PRICE VARIATION BY BUYER AND SELLER
VAT FORM M – QUARTERLY
0 GOVERNMENT DEPARTMENTS
FORM NAME NO.OF ANNEXURES
TAX PAYERS ELIGIBLE TO PAY
VAT FORM I1 - ANNUALLY
2 DEALERS DOING BUSINESS IN EXEMPTED
GOODS PURCHASED LOCALLY
FILING OF RETURNS
OLD/PRESENT SYSTEM
Form I to be filled online
Annexures to be uploaded in excel format
Form 1 to be filled online
Annexures and Appendix to be uploaded
Payment to be made after uploading
NEW SYSTEM
Annexures are to be filled up as per the xls.template
After validation an xml. Will be generated
Generated xml. is to be uploaded
After uploading all annexures, request for Form generation is to be made online
A single form for VAT, CST, LUXURY TAX, ENTERTAINMENT TAX ETC. will be automatically generated
The Website will guide to the E-Payment process
Once the payment is verified final submission of form can be given
CA.J.Murali - 9841028000 19
REVISED RETURNS
OLD/PRESENT SYSTEM
To be filed Manually within six months
NEW SYSTEM
Can be filed online n no. of times within a period of six months
CA.J.Murali - 9841028000 20
GENERATION OF FORMS
OLD/PRESENT SYSTEM
Forms Will be generated 20 days after filing the Monthly returns
NEW SYSTEM
Forms to be generated 20 days after every quarter
Whenever CST purchase returns are reported, the forms already generated gets cancelled automatically and new forms are generated
CA.J.Murali - 9841028000 21
VARIOUS ANNEXURES IN NEW FORMAT
CA.J.Murali - 9841028000 22
PURCHASE ANNEXURES
CA.J.Murali - 9841028000 23
ANNEXURE 1-ALL LOCAL PURCHASES (SCHEDULE 1 GOODS)
ANNEXURES\Annx-01-1st_Schedule_Goods_Purchased_from_ Registered_Dealer_v1.0.xls
CA.J.Murali - 9841028000 24
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Local purchases Form IAnnexure 1
Annexure 1
ANNEX-2- PURCHASES FROM PRINCIPAL BY AGENT
ANNEXURES\Annx-02-1st_Schedule_Goods_Received_from_Registered_Local_Principal_by_Agents_v1.0.xls
CA.J.Murali - 9841028000 25
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Local purchases Form IAnnexure 1
Annexure 2
ANNEX-3 URD PURCHASES
ANNEXURES\Annx-03-1st_Schedule_Goods_Purchased_from_ Unregistered_Dealer_v1.0.xls
CA.J.Murali - 9841028000 26
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Sec 12 purchases Form IAnnexure 1
Annexure 3
ANNEX 4- PURCHASE OF ALCHOHOLIC LIQUOR, BEVERAGES
ETC(SCHEDULE 2)
ANNEXURES\Annx-04-2nd_Schedule_Goods_Purchased_from_Registered_Dealer_other_thanSugarcane_v1.0.xls
CA.J.Murali - 9841028000 27
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Second schedule goods
Annexure 4
ANNEX 5 – PURCHASE RETURN OF LOCAL PURCHASES( SCHEDULE I
GOODS)
ANNEXURES\Annx-05-Purchase_Return_of_1st_Schedule_Goods_purchased_from_Registered_Dealer_v1.0.xls
CA.J.Murali - 9841028000 28
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Purchase return Form IAnnexure III
Annexure 5
ANNEX 6- PURCHASES FROM COMPOUNDING DEALERS
ANNEXURES\Annx-06-Goods_Purchased_from_other_Registered_Dealer_v1.0.xls
CA.J.Murali - 9841028000 29
PARTICULARS EXISTING SYSTEM
E-TAX SYSTEM
Purchases from compounding delaers
Form I as Sec 12 Annexure 1
Annexure 6
ANNEX 7 – EXEMPTED PURCHASES
ANNEXURES\Annx-07-Purchase_of_Exempted_Goods_or_Goods_from_Exempted_Seller_v1.0.xls
CA.J.Murali - 9841028000 30
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Exempted purchases
Form IAnnexure 1
Annexure 7
ANNEX 8 – INTERSTATE PURCHASES
ANNEXURES\Annx-08-Goods_Purchased_in_the_Course_of_ Inter_State_trade_v1.0.xls
CA.J.Murali - 9841028000 31
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Interstate purchases
Annexure 1A Annexure 8
ANNEX 9 – INTERSTATE PURCHASE RETURN
ANNEXURES\Annx-09-Purchase_Return_of_Goods_Purchased_ in_the Course_of_InterStatetradev1.0.xls
CA.J.Murali - 9841028000 32
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Interstate Purchase returns
Will not be reported
Annexure 9
ANNEX 10 – STOCK TRANSFRER INWARDS
ANNEXURES\Annx-10-Inter-State_Branch_Transfer_andConsignment_Transfer_inward_v1.0.xls
CA.J.Murali - 9841028000 33
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Stock transfer Inwards
Annexure IA Annexure 10
ANNEX 11 – GOODS IMPORTED
ANNEXURES\Annx-11-Goods_imported_from_outside_the_Country_v1.0.xls
CA.J.Murali - 9841028000 34
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Import purchases Annexure IAnnexure IV
Annexure 11
ANNEX 12 – ITC REVERSAL
Amount of reversal value can be fed in the form Manually
ANNEXURES\Annx-12-Reversal_of_Input_Tax_Credit_v1.0.xls
CA.J.Murali - 9841028000 35
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
ITC reversal Form IAnnexure III
Annexure 12
ANNEX 13 & 14 – CAPITAL GOODS
ANNEXURES\Annx-13_14-Capital_Goods_purchase_Master_and_ITC_on_Capital_Goods_adjustmentdetails_v1.0.xls
CA.J.Murali - 9841028000 36
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Capital goods Form IAnnexure 1
Annexure 13 & 14
SALES ANNEXURES
Those details which cannot be entered as an annexure will have to be directly entered in the form eg. End user sale.
CA.J.Murali - 9841028000 37
ANNEX 15 – LOCAL SALES OF I SCHEDULE GOODS
ANNEXURES\Annx-15-1st_Schedule_Goods_Sold_to_Registered_Dealer_within_the_State_v1.0.xls
CA.J.Murali - 9841028000 38
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Local Sales Form IAnnexure II
Annexure 15
ANNEX 16 – Local sales through Agent
ANNEXURES\Annx-16-Schedule_Goods_Sold_on_behalf_of_Local_Registered_Principal_as Agent_v1.0.xls
CA.J.Murali - 9841028000 39
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Local sales through Agent
Form IAnnexure II
Annexure 16
ANNEX 17 – SCHEDULE I GOODS SOLD BY AGENTS
ANNEXURES\Annx-17-Schedule_Goods_Sold_by_Agents-declared_by_Local_Registered_Principal_Dealer_v1.0.xls
CA.J.Murali - 9841028000 40
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Local sales by Agents
Form IAnnexure II
Annexure 17
ANNEX 18 – SECOND SHEDULE GOODS OTHER THAN SUGARCANE
ANNEXURES\Annx-18-2nd_Schedule_Goods_Sold_to_dealer_other_than_Sugarcane_within_the_State_v1.0.xls
CA.J.Murali - 9841028000 41
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Second schedule goods
Form J Annexure 18
ANNEX 19 – SALES RETURN OF SCHEDULE I GOODS
ANNEXURES\Annx-19-Sales_Return_of_1st_Schedule_Goods_Sold_to_Registered_Dealer_v1.0.xls
CA.J.Murali - 9841028000 42
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Local Sales return Form IAnnexure II
Annexure 19
ANNEX 20 – SALES MADE TO SEZ UNITS
ANNEXURES\Annx-20-Local_Zero_Rated_Sales_to_SEZ_and_schedule_5_notified_organizations_v1.0.xls
CA.J.Murali - 9841028000 43
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Sales to SEZ Form IAnnexure II
Annexure 20
ANNEX 21 – EXEMPTED SALES
ANNEXURES\Annx-21-Exempted_Sales_to_Registered_Dealer_within_the_State_v1.0.xls
CA.J.Murali - 9841028000 44
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Exempted sales Form IAnnexure II
Annexure 21
ANNEX 22 – INTERSTATE SALES
ANNEXURES\Annx-22-Goods_Sold_in_the_Course_of_Inter_State_Trade_or_Commerce_v1.0.xls
CA.J.Murali - 9841028000 45
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Interstate sales Form 1Appendix 1 or 2
Annexure 22
ANNEX 23 – INTERSTATE SALES RETURN
ANNEXURES\Annx-23-Sales_Return_of_Goods_Sold_in_the_Course_of_Inter_State_v1.0.xls
CA.J.Murali - 9841028000 46
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Interstate sales return
Form 1 Annexure 23
ANNEX 24 – INTERSTATE STOCK TRANSFER OUT
ANNEXURES\Annx-24-Inter-State_Branch_Transfer_and_Consignment_Transfer_outward_v1.0.xls
CA.J.Murali - 9841028000 47
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Stock transfer out Form 1Annexure II
Annexure 24
ANNEX 25 – HIGH SEA SALE
ANNEXURES\Annx-25-Sales_of_Goods_in_the_Course_of_import_into_India_v1.0.xls
CA.J.Murali - 9841028000 48
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
High sea sales Form 1 Annexure 25
ANNEX 26 – EXPORTS U/S 5(1)
ANNEXURES\Annx-26-Sales_of_Goods_in_the_Course_of_export_outside_India_Us_5(1)_v1.0.xls
CA.J.Murali - 9841028000 49
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Export Form I and Form 1Annexure IIAnnexure IV
Annexure 26
ANNEX 27 – EXPORTS U/S 5(3)
ANNEXURES\Annx-27-Sales_of_Goods_in_the_Course_of_export_outside_India_Us_5(3)_v1.0.xls
CA.J.Murali - 9841028000 50
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Export u/s 5(3) Form 1Annexure II
Annexure 27
ANNEX 28 – EXEMPTED SALES U/S 6(2)
ANNEXURES\Annx-28-Turnover_claimed_as_exemption_under_Section_6(2)_of_the_CST_Act_v1.0.xls
CA.J.Murali - 9841028000 51
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
Sales u/s 6(2) Form 1 Annexure 28
ANNEX 29 – STOCK INVENTORY
ANNEXURES\Annx-29-Stock_Inventory_v1.0.xls
CA.J.Murali - 9841028000 52
PARTICULARS EXISTING SYSTEM E-TAX SYSTEM
ITC C/f Annexure V Annexure 29
NO.OF ANNEXURES TO BE FILED EVERY MONTH BY A DEALER
CA.J.Murali - 9841028000 53
CANCELLATION OF REGISTRATION
OLD/PRESENT SYSTEM
Letter to be given along with surrender of Original TIN certificate
NEW SYSTEM
Online cancellation
Cancellation_Of_Registration_v1_0.xls
CA.J.Murali - 9841028000 54
APPEAL
OLD/PRESENT SYSTEM
Filing of manual papers and payment by DD or Cheque
NEW SYSTEM
E-Appeal and E-Cheque
Manual Appeal also continues to be in force
CA.J.Murali - 9841028000 55
VAT AUDIT
OLD/PRESENT SYSTEM
Form WW submitted manually
NEW SYSTEM
To be uploaded as an xml. format
TNVAT-Form_WW.xls
CA.J.Murali - 9841028000 56
Sales to developers of sez
CA.J.Murali - 9841028000 57
• Sales made to developers of SEZ is Exempted
• Certificate to be obtained.
• The goods Purchased or used only for the purpose mentioned.
Tax deductor indentification number t - din
CA.J.Murali - 9841028000 58
• The person deducting Tax at Source need to have registration by filing Electronic Form
• TDS deducted Electronic Form R and Form T
• Electronic Form S – Assessing Authority
FORM JJRULE 15(3)
Form JJ to be generated for the following
1. Incoming goods
2. Movement with in State of Tamil Nadu
3. Outside Tamilnadu
CA.J.Murali - 9841028000 59
FORM JJRULE 15(3)
Form JJ to be generated by
1. Consignor (Seller)of the Goods
2. Consignee (Buyer) of the Goods
CA.J.Murali - 9841028000 60
FORM JJRULE 15(3)
Movement should be accompanied by
1. A Bill
2. Delivery Note in Form JJ
3. Along with Form MM (generated by Transporter)CA.J.Murali - 9841028000 61
New Section 67-A Adv.Inw. Way Bill (JJ)GO.NO.15 – DT.29.01.2016
CA.J.Murali - 9841028000 62
• “Advace Way bill to be issued for “
• Refrigerators, air-conditioners, air-coolers and water-coolers;
• Alcoholic Liquors of all kinds for human consumption falling under the Second Schedule to the Act;
• All kinds of non-ferrous scraps;
New Section 67-A Adv.Inw. Way BillGO.NO.15 – DT.29.01.2016
CA.J.Murali - 9841028000 63
• All types of plastic granules, plastic raw materials including master batches, and scraps and all kinds of plastic products;
• Tobacco products falling under the Second Schedule to the Act;
• Cement, including white cement and their substitutes and concrete mixture;
New Section 67-A Adv.Inw. Way BillGO.NO.15 – DT.29.01.2016
CA.J.Murali - 9841028000 64
• Granite blocks, ceramic tiles, and marbles of all kinds;
• Electrical goods of all kinds;
• Iron and Steel as specified in clause (iv) of Section 14 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956), including scrap, stainless steel sheets, iron and steel products;
New Section 67-A Adv.Inw. Way BillGO.NO.15 – DT.29.01.2016
CA.J.Murali - 9841028000 65
• Cellular Telephone (Mobile Phone) including smart phones and its accessories;
• Oil seeds as specified in clause (vi) of section 14 of the Central Sales Tax Act, 1956 (Central Act 74 of 1956);
• Raw Rubber of all grades and qualities;• Sanitary equipment and fittings of every
description;
New Section 67-A Adv.Inw. Way BillGO.NO.15 – DT.29.01.2016
CA.J.Murali - 9841028000 66
• Timber, plywood and wood based products;
• Vegetable oils including refined vegetable oils; and
• Cotton and Readymade garments
NEW FORMS TO BE GENERATED ONLINE Form JJ.pdf
CA.J.Murali - 9841028000 67
Amendment – Rule15(14) & (15)
Form KK for Import and Export
CA.J.Murali - 9841028000 68
Amendment – Rule15(14) & (15)
Documents for Import – Movement
1. Copy of Bill of Entry
2. Declaration in Form KK & Transit Pass in Form LL – if necessary.
Trip Sheet or Log bookCA.J.Murali - 9841028000 69
Amendment – Rule15(14) & (15)
Documents for Export – Movement
From Tamil Nadu
1. Export Invoice
Trip Sheet
Declaration in Form KK
CA.J.Murali - 9841028000 70
Amendment – Rule15(14) & (15)
Documents for Export – Movement
From Out side Tamil Nadu
1. Export Invoice
Trip Sheet
Declaration in Form KK
CA.J.Murali - 9841028000 71
NEW FORMS TO BE GENERATED ONLINE
Form KK.pdf
CA.J.Murali - 9841028000 72
TRNASIT PASSRULE 15(17)
Sixth Schedule Commodities – Sec 70
Form LL
CA.J.Murali - 9841028000 73
Sixth Schedule Commodities
Diesel Engines
Marbles
Raw rubber
Refrigerators, Air-conditioners, Air-coolers and Water coolers
CA.J.Murali - 9841028000 74
Sixth Schedule Commodities
Washing machines
Alcoholic liquors of all kinds for human consumption other than today and arrack
Foreign liquors, that is to say, wines,spirits and beers imported into India from foreign countries and dealt with under the Indian Tariff Act, 1934
CA.J.Murali - 9841028000 75
Sixth Schedule Commodities
Kerosene
All types of plastic granules and plastic raw materials
Petrol with or without additives
CA.J.Murali - 9841028000 76
Sixth Schedule Commodities
High Speed Diesel oil
Light Diesel Oil
Vegetable Oils inlcuding refined vegetable Oils
Iron and Steel as specified in clause (iv) of Section 14 of the Central Sales Tax Act.
CA.J.Murali - 9841028000 77
TRNASIT PASS TO BE GENERATED BY
Seller
Consignor
Transferror
C & F Agent and
Check Post Officer
CA.J.Murali - 9841028000 78
NEW FORMS TO BE GENERATED ONLINE
Form LL.pdf
CA.J.Murali - 9841028000 79
TRANSPORTER OF GOODS
To generate Form MM in addition to
Accompanying Invoice, Form JJ
CA.J.Murali - 9841028000 80
FORM MM
Details of goods Consigned
Consignor & Consignee details
Vehicle details,
Driver details
CA.J.Murali - 9841028000 81
FORMS TO BE GENERATED ONLINE FORM MM.pdf
CA.J.Murali - 9841028000 82
Amendments - Important Instruction on the filing return
and Generations of Forms
E filing of monthly returns SHALL BE FILED IN TNVAT (www.tnvat.gov.in) Portal until further instructions
E filing of monthly returns to be continued in www.tnvat.gov.in until further instructions
E Transit pass shall be generated only through new portal https://ctd.tn.gov.in from 16/3/16. Till 15/03/2016, it will be available in www.tnvat.gov.in
E-Filing of Annual Returns for the year 2015-16 shall be filed in the new portal https://ctd.tn.gov.in
Important Instruction on the filing return and Generations of Forms Annual Return for the earlier period i.e., 2014-
15 can be filed in www.tnvat.gov.in.
Online generation of C and F Forms will be available in the new portal https://ctd.tn.gov.in starting from April 2016.
As on date, following services are available in the
new portal:
•e-Registration under all Acts
•e-Amendment/Modification in Registration under all Acts
•e-Payment for availing the above services (throughNet banking/e-challan)
•e-Declaration for Check post movement (Form JJ/MM/KK)
•e-Transit Pass/way bills (Form LL)
•SMS /email notifications
CA.J.Murali - 9841028000 86
RECAPSERVICES IN NEW E-TAX
SYSTEM Existing services upto 25.01.2016 to be provided in new system from 29.01.2016
Registration
Amendments to registration
Cancellation of registration
Application for composition scheme
Annual return upto 2014-15
CA.J.Murali - 9841028000 87
RECAP SERVICES continuing in old
system as on Date
Original returns filing under VAT and CST
Payment under VAT and CST
CA.J.Murali - 9841028000 88
RECAP SERVICES IN NEW E-TAX
SYSTEMNew Services introduced and applicable from
29.01.2016
Tax payers sign up
Sign up for Works contractee
VAT Practioner
Government Department
Foreign Diplomatic Mission or Consulated
CA and CMA
Logistic Service provider/Clearing and Forwarding Agent
Form JJ/KK/MM declaration of goods movement
CA.J.Murali - 9841028000 89
RECAP SERVICES IN NEW E-TAX
SYSTEM New Services introduced
Online filing of Revised return
Quarterly generation of C and F forms
Online feedback
Dealers ledger
Manage sub user
Map registered CA/CMA/VAT Practitioner
Report tax evasion
Map digital signature
CA.J.Murali - 9841028000 90
RECAP AMENDMENTS AT A GLANCE
Clearing and Forwarding Agent should get themselves registered
Tax deductor Identification number required for deducting TDS
Input tax can be claimed only when the tax payment is made to the registered dealer for the purchase
Input tax paid or payable is substituted by Input tax paid
CA.J.Murali - 9841028000 91
RECAP AMENDMENTS AT A GLANCE Cont…
Section 18(1) is being amended whereby in so far as sale of goods to SEZ is concerned, the new provision covers sale of goods to any registered dealer located in SEZ in the State for the purpose of use in manufacture, trading, production, processing, assembling, packaging or for use as packing material or packing accessories if such registered dealer has been authorised to establish such units by the authority specified by the Central Government in this behalf.
CA.J.Murali - 9841028000 92
RECAPAMENDMENTS AT A GLANCE Cont…
The revision can be made within six years from the date of Assessment
Penalty levied @ 300%
New Section 67-A contemplates production of advance inward way bill by a driver or any other person incharge of the goods vehicle entering the State from a place outside the State to a destination within the State carrying goods that may be notified.
G.O. Ms. No.15, Notification-III provides for a list of notified goods which includes refrigerators, air-conditioners, air-coolers, cement, electrical goods, and various other items.
CA.J.Murali - 9841028000 93
RECAPAMENDMENTS AT A GLANCE Cont… To claim compounding rate of tax under
works contract dealer should not make Interstate purchase or imports or receive goods from out of the state.
Purchase tax on sugarcane removed.
Compulsory scrutiny – Casual dealer and Regular dealer.
Certificates are on the server, so we can take any number of copies.
CA.J.Murali - 9841028000 94
RECAPAMENDMENTS AT A GLANCE Cont… Books and records maintenance increased
from 5 years to 6 years.
The word Seller or Consignor or transferor is substituted by Seller or Consignor or transferor or Clearing and forwarding Agent in respect of transit pass provision compliance.
Bill trader provision, scope of the provision enlarged to cover any dealer can claim ITC or exemption.
CA.J.Murali - 9841028000 95
meet me at: J.MURALI&CO
S-21/E,PONNAMBALAM SALAI,
K.K.NAGAR, CHENNAI-600078
23662355/2366278
Call me in: 9841028000/9500028000
Mail me to: [email protected]
CA.J.Murali - 9841028000 96
Thank you