ANNUAL RETURN TO
MONTHLY RETURN
In
the newly introduced e-C Tax new Portal, the following returns were prescribed
for disclosing the turnover monthly, quarterly and annual. The monthly and
annual returns relates to business sector, industrial sector and service
sector. The quarterly return relates to
Government Departments.
As
per Section 22 (3-A) of the Tamil Nadu Value Added Tax Act, 2006 (As per Act
No.13 of 2015 came into force with effect from 29.1.2016), the casual traders
and the dealers in respect of whom the relevant assessment year is the first or
the last year of business, shall be assessed on the basis of the scrutiny of
the returns with reference to the books of accounts, registers, records and any
other document and on such enquiry as the assessing authority may consider
necessary.
Filing of
Form I-1 - Value Added Tax Annual Return
The
Form I-1 – Value Added Tax Annual Return has to be filed by the dealers who were
doing local sales and local purchases of exempted goods alone. The exempted goods means goods mentioned in
Schedule IV of the Tamil Nadu Value Added Tax Act, 2006 and Goods exempted by
Notification and the sale of goods by Notification for Seller by the Government
of Tamil Nadu.
The
dealer should furnish Details of Local Purchases with the details of Goods
purchased from the Registered Dealer and from the Unregistered Dealer and Local
Sales with the details of Goods sold to the Registered dealer and Unregistered
Dealer with details of TIN, Invoice Number, Invoice Date, Commodity Code and
Purchase Value and Exemption Type details.
As
per the revised return procedure the dealers whose total turnover is below the
taxable limit dealing in both taxable goods and exempted goods were not
eligible to file Annual Form I-1 Return.
The
dealers exclusively dealing in exempted goods mentioned in Schedule IV of the
Tamil Nadu Value Added Tax Act, 2006 and Goods exempted by Notification and
sales of goods by Notification for Seller by the Government of Tamil Nadu are
eligible to file Form I-1 Annual Return are only eligible to file Annual Form
I-1 Return..
The
dealers who were dealing in First Schedule commodities were not eligible to
file Annual Form I-1 Returns and such dealers should file only Form I – Value
Added Tax Monthly Return under Tamil Nadu Value Added Tax Act, 2006 even though
their total turnover is below the threshold limit.
To
switch over from Annual Return to Monthly Return facility has been provided to
the change the return filing option from Annual to Monthly.
To Switch
over from Annual Return to Monthly Return follow the following steps.
HOW TO CHANGE ANNUAL TO MONTHLY
v Type ctd.tn.gov.in in any browser.
v
Click Commercial Taxes
Department – Tamil Nadu (https://ctd.tn.gov.in/Portal)
v
Enter your Login ID (TIN –
Taxpayer Identification Number)
v
Enter your Login ID Password
v
Enter the Captcha in the
field and Click Login.
v
A new e-Communication window
will be visible and in that window click Authenticate for e-Services under
e-Services on the left side banner.
v
In the new window
Authentication for e-Services, select Tax Type from the Drop down Menu and
enter your Transaction Password and Click.
v
Now a Welcome page with
dealer’s Name with TIN Number will be visible and in that page Click Annual to
Monthly under e-Return Heading
v
Now enter the details
required in the fields and complete the process.
Click below to view the details: