SUMMARY OF GUJARAT VAT NOTIFICATION RELATING TO FILING OF FINAL (ANNUAL) RETURN AND AUDIT UNDER SECTION 63 FOR FY 2017-18

Notification No. (GHN-05) VAR-2018(47) / Th    Dated 19th January, 2018 

Final Return 

  • Every registered dealer in whose case taxable turnover exceeds rupees 25 Lacs in aggregate during the period April 2017 to June 2017 required to file Final Return (for VAT only) by uploading ONLINE within 7 Months from 1st July, 2017 (i.e. within 31st January, 2018) [However this date has been extended by 30 days vide Circular No. gujka/ve3-5/17-18/203/177 Dated 29th January, 2018, hence revised due date is 28th February, 2018].
  • Final Return (for VAT only) for the period April 2017 to June 2017 if filed then it shall be deemed that a dealer has filed Annual Return for FY 2017-18.
  • Forms prescribed for Final return to be filed by a particular dealer

-Form 202 – For Lump-sum dealers

-Form 205B & Form 205C – All other dealers (Dealers required to file Form 205B & Form 205C shall also require to file Form 201C (details of inventory) for the period April 2017 to June 2017).

VAT Audit 

  • Every registered dealer in whose case amount of tax credit CARRIED FORWARD in excess of rupees 5 Lacs ON 30th June, 2017, has been required to carry out Audit by CHARTERED ACCOUNTANT OR COST ACCOUNTANT by filing certificate in Form 217A within 7 months from 1st July, 2017 (i.e. obtaining & uploading of report within 31st January, 2018) [However this date has been extended by 30 days vide Circular No. gujka/ve3-5/17-18/203/177 Dated 29th January, 2018, hence revised due date is 28th February, 2018].

Formats 

  • Formats for Form 205B, 205C & Form 217A is also provided in the said notification

Links for the above referred Notification & Circular 

https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/Final%20return%20and%20audit%20report%20for%20April%20to%20July%202017.pdf 

https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/CIR/Extention%20for%20filling%20Final%20Return-Audit%20Report-APR-June%202017.pdf

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Qualification: CA in Practice
Company: S. H. Khetani & Co.
Location: Gujarat, IN
Member Since: 10 Feb 2018 | Total Posts: 1

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26 responses to “Gujarat VAT Notification for Final Return & VAT Audit – FY 2017-18”

  1. sanjeev goel says:

    R/sir,
    What is last date of yearly vat return from 1.04.17 to 30.06.17

    • CA N J THAKKER says:

      As per rule 44 of GUJ VAT, if ITC C/F on 30.06.17 is lesser than 5 lakhs but annual turnover is more than one crores and taxable turnover as per GUJ VAT is more than 20 lakhs than last date of filling VAT AUDIT will be 31.12.2018 (see rule 44(3)
      Further the same should be filed in form 217

  2. JAYDEEP CHAUHAN says:

    TURNOVER LIMIT FOR VAT AUDIT F.Y 2017-18 QUARTER 1

  3. Hemlata shah says:

    Due date for vat audit 17-18

  4. Viraj Patel says:

    Sir I file TRAN-1 with credit 10,48,000 but i have not claim any VAT Credit so sir it will mandatory VAT Audit ?????

  5. SIDDHARTH GANDHI says:

    MY TOTAL TURNOVER 60 LAC BUT TAXABLE TURN OVER 8 LACS(INCLUDUE 60 LACS).CAN I LIABLE TO FILE VAT RETURN?

  6. cnsanishvara07@gmail.com says:

    In case of VAT Audit Limit from April to June 2017, Only consider VAT credit C/F amount i.e 5,00,000 irrespective of turnover i.e more than or less than 1 crores?
    Plz, reply in detail..

  7. deepak says:

    in form no.205B ,what year mention it
    2017 or 2018,please reply

  8. DIVYESH says:

    FOR FILING 17-18 AUDIT REPORT WHETHER ANY CONDITION ON PREVIOUS YEAR TURNOVER?

    • Shahnawaz H Khetani says:

      No turnover criteria for previous year. Criteria for FY 2017-18 is “excess amount of tax credit carried forward to next year > Rs.5 Lacs” which shall be transferred to TRAN – 1

  9. AKSHAY DHOLA says:

    what is the last date of VAT annual return for the year 2017-18 (i.e. 1st april,2017 to 31st june,2017) ?

  10. Shree Rishabh Distributors says:

    vat tax carry forward is rs120/-. But the taxable sales & turnover from 01/04/2017 to 30/06/2017 is rs33 lacs.(trading unit)
    wheather final return through 205b & 201 C will sufficient or Vat audit will be required.
    Kindly guideme.
    Thankingu sir.

  11. Punit Doshi says:

    If my turn over is 34 lac but taxable turn over is 1.5 lac should i make vat audit compulsory for period of 1 April 17 to 30 june 17

  12. k.g.patel says:

    whats condition for the d:-01-04-2017 to d:-30-06-2017 vat audit.
    total turn over
    taxeble turn over

    • Shahnawaz H Khetani says:

      FY 2017-18, VAT Final (Annual) Return : Total Turnover > 25 Lacs & VAT Audit Certificate : Total C/f. of ITC > 5 Lacs.

  13. Sanjay Goswami says:

    Do the credit carried forward limit of Rs. 5,00,000/- include Transitional credit carried forward in GST Credit Ledger..???

    • Poonam Kumar Jain says:

      The c/fd amount shown in the June 2017 return. If it is more than 5 Lakh then the VAT Audit is applicable

  14. ARPIT G SHAH says:

    WHETHER ANNUAL RETURN FROM APRIL TO JUNE 17 IS REQUIRED TO BE FURNISH IF T/O DOES NOT EXCEEDS RS.25,00,000, IF YES THAN WHAT IS LAST DATE OF FILING.

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