No Manual Annual Return in Form VAT 20 after 31st October 2012 for Assessment Year 2011-12 under Punjab Value Added Tax Act, 2005

Punjab Excise & Taxation Department has changed the system and time for submitting the VAT 20 Annual Return by virtue of public notice dated 30.10.2012. Procedure for Efiling annual VAT Return will be the same as prescribed for E-filing of Quarterly Return, now for the Year 2011-12, annual return will be filed from 1st December 2012 to 31st December 2012 whereas for the previous years last date for filing the annual return was 20th of November of succeeding year. Now the annexures which are to be accompanied to the VAT 20 shall be submitted after the filing of annual return to the respective AETCs incharge of the district. The annexure must be accompanied by the system generated acknowledgement of E return and last date for this activity shall be 4th January 2013.

Public Notice is reproduced below:

PUBLIC NOTICE

EXCISE AND TAXATION DEPARTMENT, PUNJAB

ATTN: ALL DEALERS, ADVOCATES AND CHARTERED ACCOUNTANTS

 1.   It has been decided that the Annual VAT Returns for the year 2011-12 will be received in form VAT-20 online through the e-Return module being implemented by the Excise and Taxation Department, Punjab. All concerned are requested to note that the annual return will now be filed from 1st December 2012 to 31st December 2012. “No manual return in form VAT-20 will be received in the offices of the Excise and Taxation Department after 31th October 2012.”

2.   The annexures which are to accompany the VAT-20 shall be submitted after filing of the return to the respective AETCs in-charge of the district. The annexures must be accompanied by the system generated acknowledgment of e-Return. The last date for this activity shall be 4th January 2013.

3.   Those dealers who have already filed their returns for this period to their respective AETC need not file again.

4.   The procedure for e-filing the Annual VAT returns will be the same as the procedure prescribed for e-filing of the quarterly returns. The facility shall be available on the Department’s website www.pextax.com from 01.12.2012. For any queries, please visit department’s website or contact officials on Mobile Number 98729-10004 or 98729-10044.

Excise and Taxation Commissioner,

Government of Punjab.

                That Punjab Excise & Taxation Department has made a dynamic change and it is appreciable that department has appreciated the genuine problems of the dealers by extending the period for E-filing the annual return VAT 20 although this is for the first time in the State of Punjab that Excise & Taxation Department has taken initiative for fast processing of returns as annual return is a self assessment beside this it will help the department in framing the assessments in time i.e. 3 years from the date of filing of an annual return.

Authored by

J S BEDI Advocate

Email ID: bediadvocate@yahoo.co.in

Contact Number: 98140-66336

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