Thursday, 6 October 2016

Amnesty Scheme for presumptive dealers :The dealers eligible under this scheme shall file the option on or before 30-11-2016

1. As per this Amnesty Scheme, the dealer has to pay tax at scheduled rate on the
unaccounted purchases with 5% gross profit. If such payment is made, all penalties
and interest, including penalty under sub-section (7) of Sec.22 of the Act shall be
waived.
2. As per the amnesty provision, such dealers can opt to settle the arrears or dues for the
period up to 2015-16.
3. There shall not be any refund subsequently for the dues settled under this scheme in
any circumstances.

The following categories of Dealers are eligible to opt under this Amnesty scheme:

1. The Registered Presumptive Tax Dealers who have suppressed transactions detected
by the Department.
2. The Registered Presumptive Tax Dealers who have suppressed transactions and
voluntarily applying for amnesty.
3. The unregistered Dealers but liable to get themselves registered under the Act who
have suppressed transaction and now voluntarily applying for amnesty.

The eligibility for opting under this scheme is as follows:-


1. The applicant should obtain TIN registration w.e.f. 01-04-2016.
2. All pending cases in any appellate / revisional forums or any court of law shall be
withdrawn before filing option. They will adduce the evidence of the same along with
the application.
3. The option shall be for settling the arrears related to all financial years in which
unaccounted transactions were detected.
4. Presumptive Tax dealers against whom unaccounted transactions were unearthed by
the respective Assessing Authorities during the period up to 2015-16 and the same
were settled completely by remitting the tax and penalty shall not be eligible to opt
under this scheme.
5. The dealer shall voluntarily declare the unaccounted transactions where the Assessing
Authority had not detected the same before filing this option.
6. Unregistered dealers may voluntarily declare the unaccounted transactions and opt for
the amnesty scheme.

Online services of Commercial Taxes Department will be fully disrupted during 9th, 10th and 11th October

Online services of Commercial Taxes Department will be fully disrupted during 9th, 10th and 11th October in connection with upgradation of server capacity


Thursday, 2 June 2016

ANNUAL RETURN FOR THE YEAR 2015-16 Extended up to 31-07-2016

Dear all

LAST DATE FOR FILING OF ANNUAL RETURN FOR THE YEAR 2015-16 EXTENDED UP TO 31-07-2016 AS PER THE CIRCULAR NO.06/20016 DTD 01-06-2016.

FOR GETTING THE CIRCULAR PLEASE CLICK ON THE THIS LINK OR COPY THE LINK AND PASTE

http://www.keralataxes.net/circular/Cir.6.16.pdf


Thursday, 4 June 2015

Filing of Annual Return for the year 2014-15 – Extended to 30-06-2015

Dear All

Annual Return for the Year 2014-15 under KVAT Act,2003 Extended  Upto 30-06-2015.

Details As per New Circular 16/2015 dtd 03-06-2015

The extract of the circular :-

"Considering the request from the various trade bodies and dealers, the
last date for filing Annual Return and enclosures for the year 2014-15 under
Kerala Value Added Tax Act is extended upto 30th June, 2015. No further
extension will be granted."