Sunday, 4 August 2013

Notice

Filled under:

1. The VAT 15 e-Filling service for quarter 1 of FY 2013-14 was started from 1st
July, 2013.

 2. The last date for e-filling of VAT 15 for quarter 1 of FY 2013-14 has been 
extended till 6th August, 2013.

 3. Please be informed that the dates for submitting the tax has not been changed 
and remains as 20th July, 2013 for submitting tax through cheque and 30th July, 
2013 for submitting through cash.

 4. TIN of dealers not filing return till 6th August 2013 will be locked.

Posted By Unknown12:25

Tuesday, 9 July 2013

VAT-15 Q1 filing has started

Filled under:

VAT-15 Q1 filing has started from 1st July’13 and below are the changes from this current quarter onwards :
1. VAT-15 Q1 filing has started from 1st July’13 
2. VAT-15 VAT-18 Part-A “Entry Tax Field” has been added at the last column
3. VAT-15 VAT-19 No changes
4. VAT-15 VAT-23 Part-A In both the tables (Invoice Wise & Customer Wise) “Quantity” field has been added. While generating summary Quantity will not come from Invoice Wise to Customer Wise
5. VAT-15 VAT-24 Part-A In both the tables (Invoice Wise & Customer Wise) “Quantity” field has been added. While generating summary Quantity will not come from Invoice Wise to Customer Wise
6. VAT-15 Worksheet-5 At Section 5B(4) (iii) “Third Month” field has been added.
7. VAT-15 At Section 6b(iii) “Third Month” field has been added
8. Commodity Search (for VAT-23/24) Double click on the commodity will auto-populate the values to VAT-23/24 as per requirement.
9. TIN UTILITY.xlsm file will get downloaded with VAT-15 in the same folder. User can check the TIN entered in VAT-23/24 by clicking on validate button on this Excel (validate Button on TIN UTILITY.xlsm Excel).

Posted By Unknown11:20

Saturday, 29 June 2013

Common issues faced while filling VAT 15/VAT 20 returns Part 2

Filled under:

=>Compile Error<=

 Please ENABLE THE MACROS before starting to work (if disabled) as per the instructions below :

If you are using Office 2003, please follow the steps below :

=>On the Tools menu, point to Macro, and then click Security.
=>On the Security Level tab, select Medium.
=>On the Trusted Publishers tab, select the Trust all installed add-ins and templates check box.
=> Restart your Excel and click on Enable Macro buttons.

                                                                          Or

If you are using Office 2007 or 2010 and above, then follow the below steps :


=>Click on Enable Editing showing above while opening the Excel Sheet
=>Click on Enable Content


 Source: pextax.com

Posted By Unknown12:21

Punjab Excise & Taxation dept detects fraud of Rs 200 cr

Filled under:

Punjab Excise & Taxation dept detects fraud of Rs 200 cr

Almost 3,000-4,000 traders have availed concessional rate of tax without depositing C form within six months of financial year end
Punjab Excise and Taxation department has detected a fraud to tune of Rs 200 crore whereby unscrupulous traders availed "concessional" rate of tax without submitting required form.
"We have found in our inspection that almost 3,000-4,000 traders have availed concessional rate of tax without depositing C form within six months of financial year end.

"Moreover, we have also found some traders submitted bogus C form (to avail lower rate of tax). The revenue implication in both these cases could be up to Rs 200 crore," Punjab Excise and Taxation, Commissioner, Anurag Verma told PTI today.

Under the Central Sales Tax Act, a C form has to be deposited by the supplier with the state taxation department after procuring it from his buyer in other state in order to avail CST rate of tax which is 2% at present. If the C form is not deposited by seller, then the local VAT rate is charged on goods supplied which is normally higher.

Acting tough against erring traders, the department has even blocked the Tax Identification Number (TIN) of about 400 registered dealers across the state to prevent them from carrying out further trading or business activity.

"We have even blocked TIN numbers of about 400 registered dealers and in other cases, we have issued notices to them to either pay tax or produce C form," he said.

"We found there was a huge deficiency in submission of C forms by the traders and it involved revenue implications of Rs 100 crore," he said, adding "we have asked traders to either produce C form or pay VAT."

Meanwhile, Punjab Pradesh Beopar Mandal President Amrit Lal Jain criticised the move of Excise and Taxation department blocking TIN number of registered sales tax dealers.

"There is a huge shortfall of C form in various states as a result of which traders could not deposit the forms. The department should have given sufficient time to dealers and traders to deposit forms rather than blocking their TIN numbers which will adversely affect trade and industry," he said.

Posted By Unknown12:11

E-governance in excise and taxation department in Punjab

Filled under:

Background 


The state Government of Punjab, India has embarked on reform program to modernize its tax administration. The key focus is on improving operational efficiency, enabling voluntary compliance and enhancing tax payer's convenience. The Department has already implemented the project on computerization of VAT Information System (COVIS) which included designing of a statewide I.T. infrastructure with the central server at Patiala. All Excise and Taxation district offices are linked with the Central Server through leased-lines and V-Sat and formulation of centralized data base. The Department has engaged Ernst & Young as I.T. auditors and CORBUS as Application Software Developer for the Department.The Department has a separate agency known as Excise & Taxation Technical Services Agency (ETTSA) to look after the technical and other modernization related issued of the department. Current auditor for ETTSA is PWC, but CORBUS is working for ETTSA from 2000 to till date as an application software developer.

Computerization wing 


ETTSA(Excise and Taxation Technical Services Agency) government of Punjab is an autonomous body working primarily towards computerization and automation of the Excise and Taxation Department of the Punjab State Government. ETTSA works at 99 locations spanning the length and breadth of Punjab .These 99 locations house about 2500 users who are connected through a hybrid WAN network consisting of Leased Lines and VSATs. The central server is a UNIX RISC Central Server and there are 25 other Intel based Application Servers. All the ETTSA users are on Thin Clients and to support them the organization has got 15 Citrix Servers. There are 36 nodal Information Collection Centers (ICC) situated at the interstate borders which collect information on interstate trade. Information about any transaction made from the state of Punjab to other states and vice versa is collected online. When a Truck reaches the interstate border, the information about it is given to the ICC. Then ETTSA generates a statutory form — a Pass for the truck — to enter Punjab.

Posted By Unknown12:02

Common issues faced while filling VAT 15/VAT 20 returns

Filled under:

=>  Error in Submission<=



You might be using a form generated through some third party software, other than
Department’s website. Please use the form downloaded from the website only for returns
filling

- Use the latest form downloaded from website only. Old versions of the form (used in 3rd
Quarter filling) will no longer be allowed to upload

- In case you have copied and pasted data in the VAT 15 form, please ensure following:
o Amount fields should not contain negative values. For transactions related to discount,
cancellations, sales return etc. automatic deduction will happen in the form. Negative
values are not allowed in any field of the form

o Amount fields must not contain decimals in the figures. Paisa figures are not allowed in
amount fields. Please put values only in rupees. Ex: If the value is 84.90, please enter 85

o Amount fields must not contain commas in the figures. Ex: if you want to enter 8,45,250
the value should not contains commas and only 845250 should be entered.

o Data pasted in fields which have list values (Drop down lists) like Nature of Transaction,
State, District, Trade, Commodity etc. must be written in exactly same way as it was
originally in the List

o Date must be in dd/mm/yyyy format only. Ex 5th March 2013 should only be written as
05/03/2013

Source:  pextax.com






Posted By Unknown11:55