IDT Digest for February 16, 2017

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  • Circular: Kerala VAT:

1.Extension of time for filling of audit report and statement for the A.Y. 2015-16 upto March 31,2017

The Kerala Government vide Circular No. 03/2017 dated February 14,2017 has extended the time limit for filing certified audited report in Form No.13 and statement of particulars in Form No.13A for the assessment year 2015-16 upto March 31,2017.

Read more at: http://keralataxes.gov.in/circular/CIRCULAR%203-2017.pdf

2.Strict action will be taken against the dealers for Non filling of Financial Statement and Closing stock inventory

The Kerala Government vide Circular No. 04/2017 dated February 14,2017 has instructed Dy. Commissioners to ensure that their assessing authorities initiate steps to get all the pending annual statement of accounts and closing stock inventory filed within the next 15 days (i.e. March 1, 2017).

Further, ensure to get all statutory documents filed for the financial year 2011-12 as these will become time bar. In case any dealer still fails to file the above documents within the said time limit, the Dy. Commissioners may take appropriate actions to ensure that dealers file all the statutory documents.

Read more at: http://keralataxes.gov.in/circular/CIRCULAR%204-2017.pdf

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