I am sharing herebelow the various time limits under Punjab VAT Act, 2005 for example time for filing returns, applying registration, payment of taxes etc, hopefully it will be usefull for all concerned readers.
Particulars
|
Rule/ Section
|
Time
|
Application for registration in
Form VAT-1
|
S21, 22, R3,4,5
|
Within 30 days when such person liable to pay tax
|
Issue of the Registration Certificate
|
R5(1), S21
|
Within 30 days of application
|
Revalidation of Bank Guarantee
|
R4(2), S25
|
Within 30 days from expiry
|
Fresh Surety submission, if existing Surety becomes
insolvent
|
R4(3), S25
|
Within 30 days of such occurrence
|
Declaration of name of the Manager
|
R9, S21
|
Within 30 days from registration
|
Application for amendment of Registration in VAT-5
|
R11, R12
|
Within 30 Days from occurrence of need
|
Application for cancellation of Registration
|
R13(1), S24
|
Within 30 Days of the occurrence of need
|
Order of cancellation of Registration
|
R13(3), S24
|
Within 30 Days from the receipt of application
|
Service of copy of the order of cancellation of
Registration
|
R13(4), S24
|
Within 15 days from the date of cancellation order
|
Submission of final Return in the event of cancellation of
registration
|
R36(4) S26(8)
|
Within 30 days of such closure
|
Request for extension of period of Casual Business
|
R31, S31
|
3 working days in advance
|
Furnishing of particulars of entering into a Works
Contract
|
R46(1), S27
|
Within 30 Days from contract
|
Application for allotment of TDS number in case of Works
Contract
|
R46(2) S27
|
Within 30 days of accrual of liability
|
Allotment of TDS number in case of Works contract by the
officer
|
R46(2) S27
|
Within 7 days from application
|
Claim of ITC from sale in respect of goods returned
|
R15(1) (g)
|
Within 6 months from the sale
|
Receiving back of goods dispatched for job work for ITC
admissibility
|
R20, S13
|
Within 90 days from the date of dispatch
|
Order of allowing claim of ITC on duplicate invoice by the
officer
|
R26(2) S13
|
Within a 60 days from the receipt of application
|
Furnishing of quarterly return when tax is deposited in
cash
|
R36(1)(2), S26(3), S33
|
Within 30 days from expiry of each quarter
|
Furnishing of quarterly return when tax is deposited
through Cheque or draft
|
R36(1)(2), S26(3), S33
|
Within 20 days from expiry of each quarter
|
Monthly Tax Payment, if annual tax liability during previous
year was Rs. 2 lakh or if gross turnover exceeds Rs. 1 Crore, if a person in
export or inter-State trade opting for monthly return/tax
|
R36(1), S26(3), 33
|
30th day of month for Cash and 20th
day of month for Cheque
|
Payment of Tax by a Casual Trader
|
R32 S31(6)
|
First day of the week
|
Furnishing of quarterly return by lumpsum person
|
R36A S8A
|
Within 30 days from expiry of each quarter
|
Deposit of TDS by a Contractee
|
R46(3), S27(4)
|
Within 15 days of close of each month
|
Filing of Annual Statement
|
R40, 41. S26(7), 43
|
For Taxable persons: Up to 20th November, For
registered persons: 20th August
|
Information of excess tax or interest payment, if any by
the Designated Officer
|
R43(2), S29
|
Within 1 month of scrutiny
|
Reference of case for Audit
|
R43(4)
|
Within 15 days of non-compliance
|
Furnishing of monthly statement of TDS by contractee
|
R46(4), S27(4)
|
Within 15 days after TDS Deposit
|
Tax Demand Notice
|
R51, S29
|
Within 30 Days, or Date Specified
|
Issue of refund Voucher or refund adjustment order
|
R52(10)
|
Within 60 days from the date of submission
|
Period for production of accounts as per notice of
assessment
|
R47(1)
|
Minimum of 10 days
|
Scrutiny intimation
|
S29(1)
|
Within 2 years from end of Financial Year
|
Assessment by designated officer
|
S29(2) 29(3)
|
Within 3 years after filing of annual statement
|
Rectification of assessment
|
S29(8)
|
Within 1 year from the date of assessment order
|
Provisional Assessment
|
S30(2)
|
Within 6 months
|
Amendment of Assessment
|
S29(7)
|
Within 3 year from the date of assessment Order
|
Audit for purpose of assessment after filing of return
|
S28(3)
|
Within 6 years from the date of furnishing of return
|
Retention period of accounts and documents
|
S44, R66
|
6 Years from the end of the year to which these relate
|
Seizure of books/documents on inspection
|
S46(3)
|
Upto 30 days for Current accounts and 60 days for old
accounts
|
Intimation regarding change in system of accounts
|
R58(1)
|
Within 15 days of such change
|
Monthly Scroll from Treasury to the Excise & Taxation
Officer,
|
R84
|
Within First week of each month
|
Submission of VAT 36 by an importer
|
65(2)
|
Within 15 days from receipt of goods
|
Detention period of goods/vehicle
|
S51(6)
|
Not exceeding 72 hours
|
Submission of transit slip at exit point
|
S51(4)
|
Within 48 hours
|
Auction of detained goods in case of non-payment of
penalty
|
S51(8)
|
Within 30 days from date of communication order
|
Payment of entry tax at ICC
|
R4
|
Within 48 hours of import
|
Appeal to Appellate Authority
|
R72(2) S62(4)
|
Within 30 days of order of communication
|
Apeal to Tribunal
|
S 63(2)
|
Within 30 days of order
|
Revision application to Tribunal
|
S65(2)
|
Within 30 days of order
|
Rectification of mistake by the officer
|
S66(1)
|
Within 3 years of order
|
Appeal to High Court after receipt or order
|
S68 (2)
|
Within 60 days from date of receipt of order
|
Appeal under Punjab Tax
on Entry of Goods Act
|
S6(3)
|
Within 60 days of order communication
|
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