New changes have been introduced in the CTD portal: 1. Latest VAT 201 form (for TIN dealers) have been released to be used by all dealers to file returns for the month of June 2013 onwards. 2. New VAT 002 return form for SRIN dealers have been released with new 50% rate of tax. The new return may be used by SRIN dealers to file their tax returns for tha Quarter of April to June 2013. 3. A dealer ledger (Preliminary version) has been introduced which shows the ITC vrs. OTC claimed by the dealers during a FY. This facility os for display only as of now. It shows the ITC claims made by a dealer vis-a-vis the declarations made by the selling dealers in their return corresponding to the purchasing dealer. We will be expanding the scope of this ledger to include details of sales and purchases and Payment details, gradually over period of time. We believe this will enlighten our dealers about the activities of other dealers with whom they transacting their business on day-to-day basis. We welcome positive and constructive feedback on the Dealer Ledger for making it better. Thank you.
Posted on: Sun, 30 Jun 2013 09:12:17 +0000
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