1. FOR FILING ANNUAL VAT RETURNINSTEAD OF QUARTERLY RETURNs(As Per M.P. VAT Act) CA Vinay Kumar Rajharia

2. Relevant Sections & Rules (M.P. VAT Act) Sec 18(1) Proviso to sec 18(1) Rule 21(2) , (5) Rule 25 Sec 11-A Relevant Forms Form 13 Form 14

3. Sec. 18(1) & Rule 21(2): Every registered dealer shall furnish return in such form (Form 10) In such manner (now e- filing) For such period (quarterly) By such dates (Within 30 days from end of quarter) To such authority As may be prescribed. (Rule 21(2) is applicable subject to sub rule (3) , (4) & (5)

4. Sec. 18:.Proviso to Sec 18(1): Provided that the commissioner may, Subject to such terms and conditions as may be prescribed, Exempt (As per Rule 24) any such dealer from furnishing such returns & statements OR (As per Rule 25) permit any such dealer to furnish the return for such different period , in such other form and to such other authority , as he may direct.

5. Rule 21(5): Where the COMMISSIONER permits under the Prov. of Rule 25 a registered dealer • to file a return for a different period •he shall furnish such return in form 10 • by such date as the commissioner may direct.

6. Rule 25: Rule 25(1): A registered dealer required to furnish quarterly return under rule 21(2) may make an application to the commissioner in form 13 for grant of permission under proviso of sec 18(1) to furnish an annual return. APPLICATION: Within 30 days of commencement of the year in relation to which permission is sought. Commissioner shall pass order before expiry of 1st quarter of the said year.

7. Rule 25(2): Permission Under Rule 25(1) shall not granted to dealer who – •is required to furnish returns under Rule 22 •Fails to pay any tax payable by him under any Act • Fails without any sufficient cause to furnish returns under the Act •Is convicted of an offence punishable under the Act • Has not submitted all the returns for the year immediately preceding the year in respect of which the permission is sought

8. Rule 25(4): Permission shall be granted in Form 14 and shall be subject to the following terms and conditions- Registered dealer shall pay within 30 days of expiry of each quarter- TAX = 1/3 of the amt of tax to which he has been assessed for the latest preceding year or Whichever is greater 1/3 of the amt of tax payable according to his returns for the latest preceding year Shall furnish the return within 90 days of the expiry of the year, and shall pay the balance of tax, if any.

9. Information Required In Form 13 TIN No. Ward no, Circle of principal place of business Name & Style of business Address and place of business Year for which permission is applied Gross T/O & tax assessed for the latest previous year Assessment case No. Order of assessment date Gross T/O & Tax Payable according to the returns of the preceding year.

10. FORM 13 [See rule 25(1)] Application for grant of permission to submit annual return To, The Commercial Tax Officer .................................Circle I_____________________ Proprietor/Manager/Partner/Director of the business known as__________________________________________________________________ ________ holding TIN ________________under the Madhya Pradesh Vat Act, 2002 whose only/*principal place of business within the jurisdiction of Commercial Tax Officer______________________(circle) is situated at Municipal ward No _______ town/village ____________ Tehsil ___________ District ___________ do hereby apply for permission to file an annual return under the proviso to sub-section (1) of section 18 of the said Act read with rule 25 of the Madhya Pradesh Vat Rules, 2006 and for the said purpose I am furnishing the following particulars : (1) Particulars of business in respect of which permission is applied for ,- (i) Name and style of the business ___________________________ (ii) Address of the place of business __________________________ (iii) TIN . ________________________________________________ (2) Year for which permission is applied (From ____________ to ______________ ) (3) Gross turnover and tax assessed for the latest previous year. (i) year ___________________________ (ii) Gross turnover Rs.__________________ (iii) Tax assessed_________________ (iv) Assessment case No. _______, (v) order of assessment dated ________, (vi) passed by (Name & Designation of the officer) ___________________ (4) Gross turnover and tax payable according to the returns for the preceding year,- (i) Gross turnover Rs.______________________. (ii) Tax payable Rs.______________________ Tax paid Rs.__________________. Place..................... .................................. Date...................... Signature of the dealer I __________________________do hereby state that what is stated herein is true to the best of my knowledge and belief. Place..................... .................................. Date...................... Signature of the dealer

11. FORM 14 [See rule 25 (4)] Order permitting a dealer to furnish annual return Shri ____________who is carrying on the business known as ____________and is a dealer holding TIN. _______ dated _________under the Madhya Pradesh Vat Act, 2002. whose only/* principal place of business within the jurisdiction of the Commercial Tax Officer______________ is situated at__________ Town/*Village______ District__________ Tehsil _______ Municipal ward No.___________(for municipal area only) is hereby permitted under proviso to sub-section (l) of section 18 of the said Act and rule 25 of the Madhya Pradesh Vat Rules, 2006 to furnish an annual return in form 10 for the period from ________to_________ on or before __________(date) in lieu of the quarterly returns under rule 21(2) of the said rules subject to the following conditions in respect of the place(s) of business specified below: Place____________ TIN__________ (l) The said dealer shall pay for the period specified in column (l) of the Schedule appended hereto on or before the date specified in column (2) of the said schedule the amount specified in column (3) thereof. S C H E D U L E Quarter for which tax isPayable Last date for payment of tax Amount of tax to be paid (1) (2) (3) 2) For the last quarter, namely, for the period from _______to ______ the dealer shall pay as tax the difference between the amount of tax payable according to his annual return and the tax already paid for the first three quarters as mentioned in the above schedule. 3) The dealer shall furnish along with the annual return copies of Challan in form 26 or e-Receipt in form 26 A for all the four quarters in respect of which tax has been paid. 26 4) This permission is liable to be cancelled at any time on account of any infringement of the conditions mentioned in sub-rule (4) of rule 25 of the said rules. Place______________ Signature Date_______________ Designation *Strike out whichever is not applicable. ------------------------------------------------

12. COMMENT: We need to file quarterly returns for the sites for which composition scheme is opted. Can apply for annual return for the year 1 July 2011 - 30 June 2012 (as there is no requirement that year should begin from 1 April or from 1 Jan) Thank You