Commercial Tax Department- Government of Tamil Nadu has issued Instructions that every registered dealer under Tamil Nadu VAT Act, 2003 whose total turnover for the period from 1st April, 2017 to 30th June, 2017 exceeds Rs.1 crore are allowed to submit manual audited statements of accounts in VAT Form – WW .
Further it also been clarified that every registered dealer dealing in the goods i.e., petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas, aviation turbine fuel and alcoholic liquor for human consumption can also submit manual audited statements of accounts in VAT Form – WW for the entire Financial year 17-18.
Source: Commercial Tax Department- Government of Tamil Nadu
what is part c business info in form ww
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Due date for filing Form WW is postponed or 31.12.2018?
Due date for filing Audit report in Form WW is 31.12.2018. Tamil Nadu commercial taxes department has not come yet with any notification extending the due date.
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Whether profit and loss is to be submitted for whole year or upto 30.06.2017??
Commercial Taxes Department – Tamil Nadu has recently clarified issues relating to filing of audit report in Form-WW for the period ending 30.06.2017 with reference to the representation made by Hindustan Chamber of Commerce, Chennai*. One of the clarifications is –
“The balance sheet for the year ending 31.03.2018 can be filed and submitted along with Form-WW but the details in Turnover/Tax, etc., called for therein in each of Part- A,B,C,D,E,F wherever required should pertain to the period up to 30.06.2017. In addition to this, Trading and Profit & Loss Account for the period from 01.04.2017 to 30.06.2017 shall be submitted as the preparation of separate Balance Sheet for the three month period may not be feasible and it does not represent the company as a whole in all respects.”
From the above it is clear that statement of Profit and loss is to be submitted for the period from 01.04.2017 to 30.06.2017.
*The copy of clarification relied upon was not available on official website and hence authenticity of the same cannot be vouched.
. BALNCESHEET REFERS ONLY FOR WHOLE YEAR AND NOT FOR PART OF THE MONTH VIZ
3 MONTHS NOTIFICATION IS NOT CLARITY WE CAN PREPALETSHEANCERE P&L FOR 3 MONTHS
AND NOT BALANCESHEET THE NOTIFICATION IS VAGUE PLEASE LET ME KNOW THE
DUE DATE
THANKS
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I need Form WW late fee details
Please mail your query in details at inquiries@lexplosion.in