RETURN FILING

Value added tax is one of the most complex and onerous tax regimes imposed on businesses - so complex that many businesses inadvertently overpay or underpay VAT. The ever-widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever-growing demands of State laws call for a trained professional eye to ensure that you do not fall foul of the regulations, and do not pay the Exchequer more than you need to.

HDD has a self designed DOS system called VAT Manager (VATMAN) which records and maintains all the data provided by the clients and accordingly helps in preparing the returns in timely and systematic manner.  As per rule 19 of the Gujarat VAT Rules, 2006, a dealer is required to file returns periodically. Any dealer having taxable turn over of more than 1 Crore is required to file his returns. Section 29 provides that every registered dealer shall furnish a correct and complete return duly signed by him or by an authorized signatory such period, by such date and to such authority as may be prescribed by the rules. The period for which return is to be furnished by different categories of a dealer and the date by which it will have to be furnished and the authority to whom it is to be furnished stated in the Rule – 19. Dealers who fail to comply in paying the tax and filing the returns on time must know that there is a mandatory interest @ 18% and penalty maximum up to Rs. 10,000.

We provide an efficient cost-effective VAT service, which includes:

- Assistance with VAT registration.
- Advice on VAT planning and administration.
- Use of the most appropriate VAT scheme.
- Preparation and submission of VAT returns.
- Planning to minimize future problems.
- VAT health check reports.