State Goods and Services Tax Department- Government of Kerala has issued a Circular No. 21/2018 dated 17th September, 2018 to extend the due date for filing the annual return and financial statement under the Kerala Value Added Tax Act (KVAT) , 2003 for the period April,2017 to June, 2017 for certain class of delears.
The Key points of the Circular are:
- All the dealers who were registered under the KVAT Act, 2003 prior to 1st July, 2017, shall now file consolidated return for the 1st quarter of 2017-18 on or before 31st October, 2018.
- In case of the dealers who have filed returns for the period from April to June, 2017, if there is no change in the details so furnished, then no further consolidated return needs to be filed by them.
- In case of the dealers who require any change in the already submitted returns and whose turnover during the previous year was above Rs. 60 Lakhs, they have to file audited statement of accounts for that period certified by Chartered Accountant and then file revised return on the basis of the said certificate either manually or on-line. If a dealer intends to file the consolidated return on-line, then he has to file ‘NIL’ returns for the subsequent months till March, 2018, and generate the on-line consolidated return. With respect to dealers whose turnover during the previous year was below Rs. 60 lakhs, audited statement of accounts is not required for revising the return.
- In case of dealers having turnover in excess of Rs.60 lakhs for the first quarter of 2017-18 shall file audited statement of accounts in Form No.13 & 13A for the period upto 30/06/2017 along with the annual return.
- Commodity-wise closing stock inventory in Form No.53 as on 30th June, 2017 shall be filed by all dealers manually or on-line on or before 31st October 2018.
Source: State Goods and Services Tax Department- Government of Kerala
