Excise & Taxation Department, Punjab has made online filing of VAT-20 (annual statement) under Punjab VAT Act, 2005, for the year 2011-12, mandatory w.e.f 01-11-2012. A public notice to this effect has been issued.
The online utility for filing VAT-20 is not available as yet, therefore it is stated in the public notice that the annual return will now be filed from 1st December 2012 to 31st December 2012.
The Public notice states that no manual return in form VAT-20 will be received in the offices of the Excise and Taxation Department after 31th October 2012. The annexures which are to accompany the VAT-20 shall be submitted after
filing of the return to the respective AETCs in-charge of the district.
The annexures must be accompanied by the system generated
acknowledgment of e-Return. The last date for this activity shall be 4th
January 2013.
Some clarifications required: A person whose turnover exceed Rs. 50 lakh has to get his VAT-20 audited from a Chartered Accountant under Punjab VAT Act, 2005. It is ussual practice in Punjab that no audit report is obtained from CA while getting an audited VAT-20, but CA puts his stamp and signature on VAT-20 itself. The Department also never ask for any audit report from CA. The question is if online filing of VAT-20 is made mandatory then how VAT-20 will be audited?
A clarification in this regard is required from Department. A similar procedure as in case of income tax returns for the persons required to get their accounts audited, may be adopted, wherein only the CAs name, PAN and membership number is filled up while filing the ITR.
However for adopting such procedure it would be necessary that some audit report or manually audited VAT-20 obtained from CA, should be mandated so that CAs membership numbers are not misused.
The public notice further states that those dealers who have already filed their returns for this period to their respective AETC need not file again.
The procedure for e-filing the Annual VAT returns will be the same as the procedure prescribed for e-filing of the quarterly returns. The facility shall be available on the Department’s website www.pextax.com from 01.12.2012.
PUBLIC NOTICE
EXCISE AND TAXATION DEPARTMENT, PUNJAB
ATTN: ALL DEALERS, ADVOCATES AND CHARTERED ACCOUNTANTS
1. It has been decided that the Annual VAT Returns for the year 2011-12 will be received in form VAT-20 online through the e-Return module being implemented by the Excise and Taxation Department, Punjab. All concerned are requested to note that the annual return will now be filed from 1st December 2012 to 31st December 2012. “No manual return in form VAT-20 will be received in the offices of the Excise and Taxation Department after 31th October 2012.”
2. The annexures which are to accompany the VAT-20 shall be submitted after filing of the return to the respective AETCs in-charge of the district. The annexures must be accompanied by the system generated acknowledgment of e-Return. The last date for this activity shall be 4th January 2013.
3. Those dealers who have already filed their returns for this period to their respective AETC need not file again.
4. The procedure for e-filing the Annual VAT returns will be the same as the procedure prescribed for e-filing of the quarterly returns. The facility shall be available on the Department’s website www.pextax.com from 01.12.2012. For any queries, please visit department’s website or contact officials on Mobile Number 98729-10004 or 98729-10044.
Excise and Taxation Commissioner,
Government of Punjab.
Date for filing manual VAT-20 for year 2011-12 now has been extended to 20-11-2012 click on this link to see more
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