Kerala
Govt. issues guidelines to facilitate revision of VAT returns for years upto
June 2017 before Assessing Authority on or before June 30, pursuant to
amendment to Section 42 of Kerala VAT Act; Dealer must – (i) specify the
grounds for revision and specifically the corrections / modifications intended
to be brought about by way of such revision, (ii) file hard copy of the old
return submitted previously, and (iii) after the application is allowed by the
authorities, submit the hard copy of corrected return then and there; Assessing
Authority shall examine whether revision sought for is to rectify / correct the
defects which are clerical / technical in nature and see that same has no
impact on turnover or tax effect conceded in original return; Where application
is found admissible, a report thereof shall be sent to Dy. Commissioner who
shall evaluate the merit of reasons mentioned therein and decide on
admissibility, and where revision is again found admissible, report shall be
sent to Head Quarter recommending the revision; Where Jt. Commissioner
(General) finds the application admissible, Asst. Commissioner ITMC shall be
duly intimated and directed to initiate revision, resultantly the dealer may be
allowed to select the correction either at state head quarter / district head
quarter where he is registered and such activity shall be carried out on fixed
day fixed time basis : Kerala Govt. Circular
Subscribe to:
Post Comments (Atom)
ITAT: Property Received on Family Trust Dissolution Qualifies as ‘Devolution’, Long-Term Capital Gains Tax Applies
Under income tax law, when a capital asset is acquired by way of succession, inheritance or devolution, the cost of acquisition is deemed to...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
Recent judicial pronouncements across different forums have clarified several important aspects of Indian income tax law, particularly relat...
-
An eminent concern within the GST framework pertains to the entitlement of Input Tax Credit (ITC) concerning expenditures associated with In...
-
The transition to the Income-tax Act, 2025 (ITA 2025) and the accompanying Income-tax Rules, 2026 introduces a significantly overhauled co...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
The overall effective tax rate of a U.S. multinational corporation may have significant impact on the value of its stock. Therefore, it ...
-
Introduction: India's Green Economy and the Tax Conundrum India stands as a global powerhouse in the fight against climate change, c...
-
In a landmark ruling, the ITAT, Hyderabad Bench, in the case of Amith Vishnaw Gudimela, held that a delay in filing Form-67 cannot be the so...
-
Clarifications from the GST Council The GST Council has recommended the following clarifications on ISD and cross charge:
-
The Delhi High Court held that interest earned on funds temporarily parked in bank deposits during the project setup phase is capital in n...
No comments:
Post a Comment