Acquire Now

Get The Best Quote

QUICK APPLY

ABout

ELIGIBILITY

Required documents

ABOUT VAT Return Filing and Advisory Services

A   Value Added Tax   ( VAT ) is a form of consumption tax or indirect tax which is imposed on goods and services at each stage of production starting from raw materials to final product. For the buyer, it is a tax on the purchase price and for the seller it is a tax on the value added to any product at each stage of its manufacture or distribution thereby avoiding cascading effect. The manufacturer remits to the government the difference between these two amounts, and retains the rest for themselves to offset the taxes they had previously paid on the inputs.

 

VAT rules and regulations regarding registration, due dates of paying vat and filing return vary state-wise. FINMART through its various branches and associate offices in India can assist the client with VAT solutions ranging from Registration to return filings depending upon the state of the client.

ELIGIBILITY

Any individual or any sovereign entity is eligible for taking the advisory services.

Required Documents

The documents needed vary from case to case. Let FINMART understand your needs and assist you in documents requirement.


HELP

HELP

In Gujarat, the assessee fulfilling any of the below mentioned conditions are liable to file e-returns.

•  Dealer having VAT & CST number

•  Turnover worth 50 Lakhs or above

In Gujarat, the assessee fulfilling any of the below mentioned conditions are liable to file quarterly returns

•  Assessee paying vat above Rs. 60 thousand

•  Assessee working from Special Economic zones

•  Assessee carrying out Import Export trade

In Gujarat, the assessee not fulfilling any of the below mentioned conditions are liable to file quarterly returns:

•  Assessee paying vat above Rs. 60 thousand

•  Assessee working from Special Economic zones

•  Assessee carrying out Import Export trade

For Gujarat

TAX CATEGORY

LAST DATE

VST/CST Tax Below 5000 /-

60 Days from the end of respective month

VST/CST Tax above 5000 /-

70 Days from the end of respective month

In Gujarat, the due date of filing Quarterly return is 75 days from the end of relevant quarter.

Yes. In Gujarat, the assessee is liable to pay interest @ 18% p.a. for delay or default in payment of VAT.

Yes. In Gujarat, in case of delayed or default in filing VAT returns, penalty is attracted @ 100/- in case the delay is of 7 days and cases where delay exceeds 7 days then penalty will continue @100/- per day till the default continues. However the penalty cannot exceed the amount of 10,000/-

Ask a Question