Directorate of Commercial Taxes – Government of West Bengal has issued Circular No. 506 CT/PRO dated 19th December, 2018 to clarify the confusion of the dealers regarding submission of statements, accounts, audit reports or declarations for the quarter ended 30.06.2017 under WB VAT Act. Filing of VAT return in Form 88 under Rule 44 of WBVAT Rules, has been omitted with effect from 01.04.2017 and every registered dealer, who is mandated to get its accounts audited under the provision of the Income Tax Act, 1961 (43 of 1961) , were required to submit a copy of the Income Tax Act audit report together with a copy of the Profit and Loss Account and Balance Sheet for such year within the 31st day of December after the end of the year.
The Government has now clarified that since the provision of the Income Tax Act, 1961, does not require audit for a single quarter hence it is not mandatory for the registered dealers to submit the statements, accounts, audit reports for the quarter ended 30.06.2017.
Source: Directorate of Commercial Taxes – Government of West Bengal
