FORM WW UNDER TNVAT ACT 2006 FOR 2016-17 DUE DATES AND PENALTY DETAILS FOR BELATED SUBMISSION
In Tamil Nadu, every registered
dealer whose total turnover including zero rated sale and sales in the course
of inter-State trade or commerce as specified in section 3 of the Central Sales
Tax Act, 1956 (Central Act 74 of 1956) in a year, exceeds one crore rupees,
shall get his accounts in respect of that year, audited by an Accountant
(Chartered Accountant or Cost Accountant) and submit a report of such audit in
the prescribed Form (Form WW) in duplicate, duly signed and verified by the
Chartered Accountant or Cost Accountant, to the Assessing authority, within 9
months (i.e. on or before 31st December)
from the end of the Financial year (i.e. 31st March).
The Government of Tamil Nadu, in
G.O. Ms. No. 17, Commercial Taxes and Registration (B1) Department, dated
25.1.2017 has fixed the due dates for filing of audit report in Form WW for the
year 2016-17 and also fixed the levy of penalty on belated submission at Rs.
2500.00, Rs. 5000.00, Rs.7500.00 and Rs.10000.00 on the basis of period of delay
in submission of Form WW.
The due dates for filing of audit
report in form WW and penalty details are given below:
Due dates for filing of the audit
report in Form WW
|
Penalty for belated filing of the
audit report in
Form WW
|
On or before 02.01.2018
|
No Penalty
|
From 03.01.2018 to 10.01.2018
|
25% of rupees ten thousand
|
From 11.01.2018 to 20.01.2018
|
50% of rupees ten thousand
|
From 21.01.2018 to 31.01.2018
|
75% of rupees ten thousand
|
After 01.02.2018
|
Rupees ten thousand
|
To view detailed article on Form WW click the link given below: