Government of Tamil Nadu has issued instruction on filing of VAT audit report in Form -WW

Government of Tamil Nadu has issued instruction on filing of VAT audit report in Form -WW

November 28, 2018 Fiscal, Industries, Tamil Nadu 10

Commercial Tax Department- Government of Tamil Nadu has issued Instructions that every registered dealer under Tamil Nadu VAT Act, 2003 whose total turnover for the period from 1st April, 2017 to 30th June, 2017 exceeds Rs.1 crore are allowed to submit manual audited statements of accounts in VAT Form – WW .

Further it also been clarified that every registered dealer dealing in the goods i.e., petroleum crude, high speed diesel, motor spirit (commonly known as petrol), natural gas, aviation turbine fuel and alcoholic liquor for human consumption can also submit manual audited statements of accounts in VAT Form – WW for the entire Financial year 17-18.

SourceCommercial Tax Department- Government of Tamil Nadu

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10 Comments

  1. salesh

    December 18, 2018
    Reply

    what is part c business info in form ww

    • Lexplosion

      December 18, 2018
      Reply

      Please mail your query in details at inquiries@lexplosion.in

  2. anbuselvam

    December 19, 2018
    Reply

    Due date for filing Form WW is postponed or 31.12.2018?

    • Lexplosion

      December 19, 2018
      Reply

      Due date for filing Audit report in Form WW is 31.12.2018. Tamil Nadu commercial taxes department has not come yet with any notification extending the due date.

      We will let you if extended. Stay Connected with us - Subscribe to our update feed for latest update relating to GST/VAT/ Income Tax and other Laws.

  3. Karthik

    December 26, 2018
    Reply

    Whether profit and loss is to be submitted for whole year or upto 30.06.2017??

    • Lexplosion

      December 26, 2018
      Reply

      Commercial Taxes Department - Tamil Nadu has recently clarified issues relating to filing of audit report in Form-WW for the period ending 30.06.2017 with reference to the representation made by Hindustan Chamber of Commerce, Chennai*. One of the clarifications is -

      "The balance sheet for the year ending 31.03.2018 can be filed and submitted along with Form-WW but the details in Turnover/Tax, etc., called for therein in each of Part- A,B,C,D,E,F wherever required should pertain to the period up to 30.06.2017. In addition to this, Trading and Profit & Loss Account for the period from 01.04.2017 to 30.06.2017 shall be submitted as the preparation of separate Balance Sheet for the three month period may not be feasible and it does not represent the company as a whole in all respects."

      From the above it is clear that statement of Profit and loss is to be submitted for the period from 01.04.2017 to 30.06.2017.

      *The copy of clarification relied upon was not available on official website and hence authenticity of the same cannot be vouched.

  4. JAYARAMAN

    January 1, 2019
    Reply

    . BALNCESHEET REFERS ONLY FOR WHOLE YEAR AND NOT FOR PART OF THE MONTH VIZ
    3 MONTHS NOTIFICATION IS NOT CLARITY WE CAN PREPALETSHEANCERE P&L FOR 3 MONTHS
    AND NOT BALANCESHEET THE NOTIFICATION IS VAGUE PLEASE LET ME KNOW THE
    DUE DATE

    THANKS

    • Lexplosion

      January 3, 2019
      Reply

      Please mail your query in details at inquiries@lexplosion.in

  5. Shan

    January 18, 2019
    Reply

    I need Form WW late fee details

    • Lexplosion

      January 21, 2019
      Reply

      Please mail your query in details at inquiries@lexplosion.in

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