Mode of payment under Punjab Vat Procedure of payment under Punjab Vat Type of returns under Punjab Vat Procedure of e-filing of return under Punjab Vat

1. PRESENTS
Return under Punjab Vat
Thursday, February 27, 2014
For information purpose only.

2. Type of Return
Thursday, February 27, 2014
For information purpose only.

3.  Quarterly return :
 Every taxable person shall file quarterly self-assessed
return in Form VAT-15
along with the proof of the payment made and the Tax
Deductions at Source (hereinafter referred to as the TDS
) certificates, if any
Due Date :- 30 days from the date of expiry of each
quarter.
Thursday, February 27, 2014
For information purpose only.

4. Where
a person opts to
make the payment of tax
through crossed cheque or bank draft, he shall enclose
the crossed cheque or the bank draft, as the case may
be, along with the return
In such case due date :
20 days from the date of the expiry of the quarter.
Thursday, February 27, 2014
For information purpose only.

5.  Where annual Gross Turnover exceeds Rs one crore in
the previous year
Tax should be paid monthly
Due date of payment on Tax
Payment made through crossed cheque or draft :- 20th
day of every month
Payment made through treasury receipt :- 30th day of
every month
Thursday, February 27, 2014
For information purpose only.

6. return should be submitted quarterly
The return in Form VAT 15, shall be accompanied by
photocopies of the treasury receipt evidencing the
payment of tax for the previous two months also.
Thursday, February 27, 2014
For information purpose only.

7.  Monthly Return
A person making sales in the course of
inter-State trade or export out of India may,
by making an application to the designated officer,
opt to file self-assessed return on monthly basis
in Form VAT-15 within a period of twenty days, if payment of
tax is made by a crossed cheque or draft and within a period
of thirty days, if payment is made through a treasury receipt.
Thursday, February 27, 2014
For information purpose only.

8. Annual Return/Statement
Required to be filed by every registered dealer in Form
No VAT -20.
Due Date :- 20th November of every year
Thursday, February 27, 2014
For information purpose only.

9. Procedure of E- Filling of
Vat Return
Thursday, February 27, 2014
For information purpose only.

10.  User will visit the current portal i.e. www.pextax.com.
 The website will be having a link for “e-filling of VAT 15
& VAT 20”. User will be required to click on this link.
 After clicking, user will be authenticated with his e-Filling
User-ID & Password.
 Here user will be asked to create a new password to get
enable for COTIS portal for filling of VAT 15.
Thursday, February 27, 2014
For information purpose only.

11.  After Logging in on the COTIS Portal with new password
dealer will be able to download the VAT 15 smart form.
 After filling the complete form and validating the form
user will be able to upload the form in his log-in.
 After uploading User will be shown a confirmation
screen.
 User can also take the Print Out of Reference Receipt
generated on portal through his login.
Thursday, February 27, 2014
For information purpose only.

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Email : contact@taxandlawdirectory.com
Call us on : 099 99 882345
Thursday, February 27, 2014
For information purpose only.