Monday, 23 April 2018

Kerala Govt. issues guidelines to facilitate revision of pre-GST returns by June 30


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 

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