MANUAL FILING OF FORM WW AUDITED STATEMENT OF ACCOUNTS FOR THE YEAR 2017-18 (APRIL TO JUNE) IN TAMIL NADU
As per
Section 63-A of the Tamil Nadu Value Added Tax Act, 2006, 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 31stDecember) from the end of the
Financial year.
Provided
that, this section shall not apply to the departments of Central and State
Governments, local authorities, the railway administration as defined under the
Railways Act 1989 (Central Act 24 of 1989), the Tamil Nadu State Road Transport
Corporations and similar such registered dealers, as may be notified by the
Government.
The Goods
and Services Tax Act, 2017 came into force with effect from 1.7.2017 and Tamil
Nadu Value Added Tax Act. 2006 was in force upto 30.6.2017.
The Additional
Chief Secretary/Commissioner of Commercial Taxes, Chepauk, Chennai has issued
instructions to the departmental officers vide Letter No. Drafting
Cell-I/36977/2018 dated 23.11.2018 that for the assessment year 2017-18 only
for the transactions covering three months i.e. April 2017 to June 2017,
exceeds Rupees One Crore, every registered dealer has to file Form-WW in the manner
prescribed under the said provision and filing of Form WW for the limited
period for the assessment year 2017-18 (i.e. upto 30.6.2017) the registered
dealers under the Tamil Nadu Value Added Tax Act, 2006 are permitted to file
their audit report manually.
What are
the documents to be produced to the
Chartered
Accountant or Cost Accountant for
preparation
of Form WW?
o
Account Books, Records and Registers
o
All Purchase Bills in original
o
All Sale Bills under TNVAT and CST
o
Bank Account Details like Saving
Bank, Current Account, Joint Account, Cash Credit Account, Overdraft Account
etc.
o
Capital Goods ITC Adjustment Account
o
Cash Book
o
Classification of goods purchased /
sold rate of tax wise or exempted or zero rated etc.,
o
Closing Stock Details of Raw
Materials, Work in Progress, Finished Goods, Trading Goods and Packing
Materials, Consumables
o
Details of Purchase returns if any
with relevant records
o
Details of Sales returns if any with
relevant records
§ Form
8 Register
o
Form 10 Register
o
Form 12 Register
o
Form 13 Register
o
Forms used such as C Form, F Form,
Form JJ and other statutory forms if any under TNVAT and CST.
o
ITC Adjustment Register
o
Monthly Returns filed under TNVAT and
CST Acts
o
Payment details of taxes and fees by
cash or cheque or demand draft or by e-payment.
o
Place of Business Details like
Branch, Godown, Factory, Warehouse and Sales Depot
o
Production Cum Stock Account Register
in Form H
o
Profit and Loss Account
o
Purchase Register
o
Sales on behalf of Principal Account
o
Sales Register
o
Stock Transfer Account
o
Trading and Manufacturing Account
o
Types of Incentives received if any
like IFST, Deferral, Waiver, MOU
The
relevant circular is given below for ready reference:
