Wednesday, June 6, 2012

Online Revised VAT Return in Andhra Pradesh Commercial Tax (http://registration.apct.gov.in/)

Dear AP VAT Delears,

Now the AP Commercial Tax allows you to Submit  Revised  VAT Returns on online.

Clarification on Revise VAT Return


In the month of April 2012, department has launched the facility of filing Revise VAT Return online. Guidelines were also issued to Deputy Commissioners and CTOs  describing steps for processing the Revise Returns. Important clarifications are:

      Dealer can file Revise VAT Return within 6 months from the end of relevant tax period.

      However Dealer should not change adjustment from VAT to CST account. Adjustment from VAT to CST account must remain same as per original Return. Even if he makes changes, CST Return data will not change

      CTO will approve such Revise Return. On approval by CTO, original Return will be replaced by revise Return in database. Original Return will go to History database. However Revise Return will not change OB of Next Month. OB for next month will remain as per original Return. (If revise return is allowed to change OB for next month, in that case Closing Balance and OB will get changed for next 6 months and dealer has to file revise return for 6 months and department has to approve all these 6 Revise Returns. It will be heavy burden for dealer as well as department. Hence it is decided that Revise Return will not have any impact on future Returns. Any impact of Revise Return  has to settled for that month ONLY)   

      After facility for Revise Return has been launched, system takes last month Net Credit Carried forward as OB for the current tax period. Now OB cannot be changed by the dealer or by the CTO. OB will also not change even after Revise Return is filed for any Tax period. OB will remain same as per original VAT Return.

     Impact of Revise Return will be settled for that month only. It will not have any impact on subsequent tax periods.

      Revise Return may result in following situations:

a.     Increase in tax Liability: CTO will issue notice for additional demand and dealer shall pay accordingly.

b.    Decrease in tax liability: CTO will issue adjustment order. Dealer can use such adjustment order in future against his future tax liability. Dealer will enter such adjustment amount under Adjustment portion of Return to arrive at tax payable (Like Form 501, TDS, Cash Receipts etc). The original copy of order is to be produced before CTO to give credit to dealer like Form 501 etc.

c.    Increase in Net Credit Carried Forward:  CTO will issue adjustment order. Dealer can use such adjustment order in future against his future tax liability. Dealer will enter such adjustment amount under Adjustment portion of Return to arrive at tax payable (Like Form 501, TDS, Cash Receipts etc). The original copy of order is to be produced before CTO to give credit to dealer like Form 501 etc.


d.    Decrease in Net Credit Carry Forward:  CTO will issue notice for additional demand as dealer has already utilized more than eligible Credit Carry Forward and dealer shall pay accordingly.

STEP 1:
Open AP Commercial Tax e-returns website: (http://registration.apct.gov.in/ctdportal/DlrServices/DLR_Index.aspx)



STEP 2: 
Enter Your TIN Number and PW


STEP3:
Select Returns Tab, Then Click on Revised VAT Returns.

STEP4:
Select the Month. (Dealer can file Revise VAT Return within 6 months from the end of relevant tax period)



STEP5:
Fill the all fields.  (Dealer should not change adjustment from VAT to CST account. Adjustment from VAT to CST account must remain same as per original Return. Even if he makes changes, CST Return data will not change.)

STEP6:
Check Approve Button, then click on Submit.

After submitting the VAT Returns, The CTO will approve such Revise Return. On approval by CTO, original Return will be replaced by revise Return in database. Original Return will go to History database.


 How to View Revised VAT Returns Approval Status:

 After submitting Revised VAT Returns the CTO Will approve the Revised VAT Returns. You can view  you approval status.

-> Select Reports TAB 
-> Click on Revised VAT Returns Pending for Approval


-> Now you can see you Pending Revised VAT Returns Status. If there no Pending, the CTO Approved your Revised VAT Returns.



3 comments:

  1. In case if we file revised return above 6 months will it be accepted by the concern CTO

    ReplyDelete
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