What are Annexure 2A-2BQuarterly purchase and Sales Details are to be submitted to VAT Department in Annexure Procedure for Annexure 2A 2B and 2C 2D in DVAT Form Name and Due Date of VAT Return. Nil 2A & 2B can be filed after loging into the DVAT website and then go to Approval forms under the heading file 2A & 2B and check the option. DVAT – Annexure 2A and 2B. Download Preview. Description: DVAT- Purchase and Sales Summary #xls. Submitted By: Madan Kumar Misra.
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What are the reasons of Mismatch. It may be possible that the Selling Dealer has shown lesser amount of sales dvzt Annexure 2B due to typing mistake but the Buying Dealer shows the correct more amount of purchases in Annexure 2A.
Nil sales – purchase form 2a, 2b filing
dvag This type of error occurs due to ddvat having multiple tax rates purchased from a single dealer or issue of one invoice for multiple tax rated products. The Act has incorporated a framework which is based on self-regulation but with enhanced disclosures and accountability on the part of companies and their managements. P ost written by CA Usha Garg. Click Here The Companies Act,a historic legislation which intends to improve corporate governance and empower shareholders.
Procedure for Annexure 2A 2B and 2C 2D in DVAT – Vat Return Procedure
If the dealer fails to pay VAT demand within the time as may be specified in the demand order, then he shall be liable to pay Interest in addition to VAT payable at the rate of 1. Sir ,please tells me procedure step by step how to revised Dvat return in case of mismatch report.
B in his form 2B correctly shown the sales at. If the mismatch arise due to mistake in DVAT return then it can easily be rectified by revising the return either dvxt Seller or by Purchaser, if the revise period is still available.
Is it possible to waive off Interest in an appeal or otherwise.
DVAT – Annexure 2A and 2B
Is it possible to waive of Penalty. However, in reverse case i. No Mismatch Type 2: However, if because of deficiency, tax liability arises then dealer has to pay tax along with interest.
Yes, It is possible to waive off penalty through an appeal made to Appellate Authority with 30 days from the date of order.
Selling Dealer having shown more amount of sales in Annexure 2B and the purchase amount being correctly entered by the Buying Dealer, the mismatch report will be generated without any penalty being levied on buyer. The details so filed are cross checked across dealers whose TIN is mentioned in the return and a mismatch report 2A is generated.
Mismatch 1 Difference in the amount of Sales and Purchases: All Types of Purchases, whether local, central or import is shown forn Annexure 2A. To correct the deficiency, dealer has to revise the Form DVAT along with explanatory note specifying the mistake or error for which a revised return has to be filed.
Since, it is the responsibility of the purchaser to provide correct information to the department as he is willing to claim Input Tax Credit against output VAT liability. To avoid this mistake, seller should issue the invoice timely and back dated invoice should not be issued.
This may happen because of the following reasons: Suresh Sehgal 4 June at You may also mail your queries at mail klaggarwal. After assessment of Annexure 2A and 2B, following types of result get displayed: This type of problem mainly occurs in case of invoices with the last date of the tax period as the invoice date or on receipt of invoices after the last date of the tax period to which such invoice pertains.
We would be happy to help. If purchaser provide incorrect information at higher value then it will create additional VAT Liability to him only which is beneficial to Department.
Thus, Buying Dealer has claimed more input and he will be penalised for no default on his part. Thus they can avoid this mismatch by filling this column. Above, reasons for Mismatch have been described below: It can better be understand with the help of an illustration. The corporate sector will be required to exhibit responsible self-regulation and corporate governance on foem part, which necessitates the services of independent, competent and responsible governance professionals.
Dgat too are increasingly relying on professionals in achieving better governance and Independent professionals are seen as an extended arm of the government.
Should you need any support, fill the query form below. Unknown 25 June at Filing an appeal to Appellate Authority. The buyer can view the report on the website of department immediately after filing of Annexure 2B by corresponding sellers.
If seller does not show the sale invoice in Annexure 2B but buyer has already shown the purchase invoice in Annexure 2A, more input has been claimed by the buyer that has not been passed by seller giving rise to mismatch report. What is the amount of penalty that can be levied by VAT officer in respect of mismatch report. Following details are required to be given in Form2A.
Check the invoice properly and feed the data in return carefully. Section 92 of 2g Companies Act, requires every company to prepare an Annual Return, a comprehensive document which contains information of a company rela….