Monthly Archives: January 2014

Recent Changes in TN VAT Act – Article – January, 2014

Recent Changes in TN VAT Law

-        T R Srinivasan, ACA         

AMENDMENTS IN TN VAT ACT, 2006

The Government of Tamil Nadu has passed “Tamil Nadu Value Added Tax (Fifth Amendment) Act, 2013 – (Act No.28 of 2013), which has made significant changes in the law. Such changes have direct impact on the tax liability of the dealers within the State.

This write up attempts to cover all those significant changes in law and the related procedures.

(1)   Reversal of Input Tax Credit upto 3% in relation to Inter–State Sales (w.e.f. 11.11.2013)

(a)    Relevant Section: Proviso to Section 19(2)

(b)   Change in Law

  • Input Tax Credit shall be allowed for the purchases made within the State and if such purchases are used for Inter–State Sales (supported by C Form Declaration)
  • However, it is amended that such Input Tax Credit shall be reversed to the extent of 3% and any credit above 3% shall alone be eligible.

(c)    Examples: Consider the following examples:

(i)     Example 1:

Description

Base Value

Tax Amount (Rs.)

Purchases of goods within Tamil Nadu

10,000

VAT @ 5% = 500

Sales of these goods to another State against C–Form Declaration

20,000

CST @ 2% = 400

 

Conclusion:

  • As per the earlier provisions, the entire VAT Credit of Rs.500 is eligible for Input Tax Credit.
  • However, as per the above amendment, “A” can claim VAT Credit only in excess of 3%. Hence, he can claim only the balance 2% i.e. Rs.200 [500 ÷ 5%] x 2 %. (Note: Balance of Rs.300 becomes a cost).

 

(ii)   Example 2:

Description

Base Value

Tax (Rs.)

Purchases of goods within Tamil Nadu

10,000

VAT @ 14.5% = 1,450

Sales of these goods to a buyer in another State against C–Form

20,000

CST @ 2% = 400

 

Conclusion: As per the above amendment, “A” can claim 11.5% i.e. Rs.1,150 [1,450 ÷ 14.5%] x 11.5 %. The balance of Rs.300 becomes a cost.

 

(iii) Example 3:

Description

Base Value

Tax (Rs.)

Purchases of goods within Tamil Nadu

10,000

VAT @ 5% = 500

Sales of part of these goods to a buyer in another State against C–Form

20,000

CST @ 2% = 400

Sales of another part of these goods to a buyer in Tamil Nadu

30,000

VAT @ 5% = 1,500

 

Conclusion: A’s Eligible VAT Credit = Total VAT Credit – Reversal of VAT Credit

 

Reversal of VAT Credit

(Total VAT Credit on purchases during the period)

×

Value of Inter–State Sales

×

3%

Value of Sales within the State

+

Value of Inter–State Sales

5%

 

Reversal of VAT Credit in the above Example shall be:

500

×

20,000

×

3%

=

Rs.80

30,000

+

20,000

5%

Eligible VAT Credit = Rs.500 – Rs.80 = Rs.420

 

(d)   Notable Issues

  • In the calculation of Eligible VAT Credit in Example 3, where common purchases are sold both locally and also outside the state, the proportion is based on the value of sales. However, as the TN VAT Act is silent on the method of calculation, some other bases like “quantity, cost of goods sold” may also be considered for calculation.
  • The above reversal mechanism is applicable only for Inter–State Sales against C–Form Declaration. In case of Inter–State Sales without C–Form, then entire Input Tax Credit is not eligible.
  • Though it is obvious that the above reversal provisions are applicable for trader, it is not as clear whether it is applicable for manufacturer.
  • In case of existence of multiple reversals like exempted sales, branch transfers, then the above formula may be suitably modified to accommodate them.

(2)   Reversal of Input Tax Credit upto 5% for Inter–State Branch Transfers (w.e.f. 11.11.2013)

(a)    Relevant Provision: Section 19(4)

(b)   Change in Law: Input Tax Credit in relation to Transfers to branches outside Tamil Nadu shall be reversed to the extent of 5% instead of the existing 3%.

 (3)   Requirement of Transit Pass for specified goods (w.e.f. 08.11.2013)

If the following goods are transported from one state to another state, but goes through Tamil Nadu, then the owner of the vehicle must obtain a transit pass at the first Check post after the vehicle’s entry into Tamil Nadu

(a)    Vegetable oils including refined vegetable oils

(b)   Iron and steel as specified in Sec.14(iv) of the CST Act, 1956

Note: Detailed procedure is mentioned in Section 70 of the TN VAT Act, 2006

(4)   Increase in Tax Rates for Alcoholic Liquors (w.e.f. 01.04.2013): Tax Rates on Alcoholic Liquors for human consumption is increased.

(5)   Other Procedural Amendments

(a)  Additional Requirement in VAT Monthly Returns (GO No.136 dt. 31.10.2013) (w.e.f. 01.11.2013)

In Monthly Returns – Form I, Quantitative and Value of Stock must be mentioned in the New Annexure V if the dealer wishes to carry forward the Input Tax Credit from one month to the next month.

(b)  Extension of due date for filing VAT Audit Report (GO No.136 dt. 31.10.2013)

The time limit for filing of VAT Audit Report (Form WW) has been altered as 9 months from the end of the relevant Financial Year. Hence, revised due date for filing Form WW is on or before the 31st of December.

Updates in Direct Taxes – January 2014 Series

Shree Guru Kripa’s Institute of Management

“Gyaan Smriti” – DIRECT TAX LAW UPDATES –January, 2014 Series

Updates in Direct Tax Law

1.   [2013] 40 taxmann.com 545 (Bombay)

Vodafone India Ltd. Union of India

 

Issue: AO issued show cause notice calling upon assessee-petitioner calling on him to show cause why deduction u/s 80-IA shouldn’t be disallowed. SCN allowed assessee less than 24 hours to make representations against proposed action of disallowance. AO passed assessment order making disallowance. Assessee filed writ petition under article 226 to the Bombay HC. Revenue opposed petition on the grounds that alternate remedy of appeal to CIT(A) available to assessee.

 

Decision: High Court will not refrain from quashing assessment and allowing assessee’s writ petition merely because assessee has alternative remedy to appeal to CIT(Appeals). Impugned assessment order quashed and set aside and assessment remanded to AO to pass fresh assessment order.

 

Reasoning: Non exercise of writ jurisdiction in appropriate cases would amount to abdication of HC’s obligation to ensure that justice is done. Therefore the availability of an alternative remedy would not by itself bar the exercise of HC’s writ jurisdiction, if the facts of the case so deserve. Once the Assessing Officer has called upon the petitioner to show cause why its claim for deduction under Section 80-IA of the Act should not be disallowed, then a reasonable opportunity of filing its reply should be made available to the notice of the show cause notice i.e. petitioner. It has been stated times without number that Justice must not only be done but also appear to have been done. The non consideration of the petitioner’s response to the notice by making it impossible to the petitioner to file its reply for the consideration of the Assessing Officer does cause prejudice to the petitioner leading to palpable injustice. Thus warranting the exercise of writ jurisdiction.

 

2.   [2013] 40 taxmann.com 365 (Delhi)

MDLR Resorts (P.) Ltd. Commissioner of Income-tax

 

Issue: No panchnamas were drawn against assessee’s, their names were subsequently interpolated and mentioned in warrants of search and, thus, proceedings initiated under search and seizure were void and bad for want of jurisdiction.

 

Decision: Procedural Lapses won’t affect either the validity of the search or nullify notice under section 153A of the Act

 

Reasoning: All petitioners, whose names did not feature in the panchnamas, had not denied that they were subjected to search. It was also not repudiated that several documents/papers relating to the them were seized and were included in the list of the seized documents/papers attached to the panchnamas. There was certainly lapse and failure to comply with the requirements of search and seizure manual, as the panchnama did not contain names of petitioners and did not record any suspension of search. Even the obstruction and presence of third persons were not mentioned in the panchnamas. But this would not affect the validity of the search. However, the respondents had to take remedial steps and ensure that such lapses did not occur in future, otherwise similar allegations would be repeated, entailing litigation.

 

3.   [2013] 40 taxmann.com 40 (Delhi)

Commissioner of Income-tax. Bharti Hexacom Ltd.

 

Issue: Variable payments on revenue sharing basis were made. Whether licence fee payable is capital or revenue expenditure.

 

Decision: The expenditure incurred towards licence fee is partly revenue and partly capital. Licence fee payable on one time basis should be treated as capital expenditure and licence fee on revenue sharing basis should be treated as revenue expenditure. Capital expenditure will qualify for deduction as per section 35ABB of the Act.

 

Reasoning: Section 35ABB is not a deeming provision but comes into operation and is effective when the expenditure itself is of a capital nature and is incurred for acquiring a right to operate telecommunication services or is made to obtain a licence for the said services. Thus section 35ABB by itself does not help in determining and deciding the question whether licence fee paid is capital or revenue in nature. Variable payments on revenue-sharing basis is revenue expenditure deductible u/s 37(1) as (i) these are for operating and continuing the operations as cellular operator and failure to make these payments will lead to cancellation of licenses (ii) Unlike the 1994 policy, there was no stipulation of minimum payments in respect of variable license fees. (iii) Unlike the 1994 License, there was no restricted monopoly to two private operators in a circle and competition from new entrants was not warded off (iv) NTP contained a one-time entry fee and variable license fees based on revenue sharing basis. For existing operators who were granted a license under 1994 policy, the one-time fee was payments under 1994 license upto 31-7-1999 and license fees w.e.f. 1-8-1999 was on revenue sharing basis.

 

 4.   [2013] 40 taxmann.com 300 (Delhi)

Li and Fung India (P.) Ltd. Commissioner of Income-tax

 

Issue: TPO held that the compensation of cost plus mark up of 5 percent was not at ALP and applied a mark-up of 5 percent on the FOB value of exports made by the Indian manufacturer to overseas third party customers.

 

Decision: Upholding the determination of certain margin over the FOB value of the Associate Enterprise’s contract was an error in law. Therefore, the TPO’s addition of the cost plus 5 percent markup on the FOB value of exports was without foundation and was to be deleted.

 

Reasoning: Tax authorities should base their conclusions on specific facts, and not on vague generalities, such as ‘significant risk’, ‘functional risk’, ‘enterprise risk’, etc., without any material on record to establish such findings. If such findings are warranted, they should be supported by demonstrable reasons, based on facts and the relative evaluation of their weight and significance. Where all elements of a proper TNMM are detailed and disclosed in the assessee’s reports, care should be taken by the tax administrators and authorities to analyze them in details and then proceed to record reasons why some or all of them are unacceptable?

 

5.   [2013] 40 taxmann.com 240 (Delhi – Trib.)

Sinosteel India (P) Ltd. Deputy Commissioner of Income-tax

 

Issue: TPO held that the compensation of cost plus mark up of 5 percent was not at ALP and applied a mark-up of 5 percent on the FOB value of exports made by the Indian manufacturer to overseas third party customers.

 

Decision: Under CUP method, a quotation which hasn’t fructified into a transaction cant be used for benchmarking

 

Reasoning: When the statute read with rules specifically provides that the ALP under the CUP method should be determined by considering ‘the price charged or paid’ in a comparable uncontrolled ‘transaction’, one fails to comprehend as to how any ‘quotation’ which has not fructified into a ‘transaction’ can be substituted with the actual price charged or paid in a transaction. As the law provides for considering the price charged or paid in a comparable uncontrolled transaction, there can be no scope for considering a quotation price in isolation which is not preceded with or succeeded by any actual transaction.

 

  1. 6.   [2013] 40 taxmann.com 335 (AAR – New Delhi)

Authority For Advance Rulings (Income Tax) New Delhi. Mitsubishi Corporation Japan In re

 

Issue: Revenue objected to the admissibility of the application to AAR stating that return of income was filed before filing the application.

 

Decision: Where only income-tax return was filed before date of filing application for advance ruling but notice u/s 143(2) was issued only after date of filing application, it cannot be said that matter covered by advance ruling application was pending before income-tax authority so as to attract the bar on filing advance ruling application u/s 245R(2).

 

Reasoning: Mere filing of return does not attract bar on the admission of the application as provided in section 245R(2) of the Act. only when the issues are shown in the return and notice under section 143(2) is issued, the question raised in the application will be considered as pending for adjudication before the Income-tax Authorities. In the present case Return of income was filed before filing the application. However, notice under section 143(2) was issued after the date of the application. Held that the question raised by the applicant in the present case is not already pending before the Income-tax Authorities and therefore, the application is admitted.

 

7.    [2013] 40 taxmann.com 340 (AAR – New Delhi)

Authority For Advance Rulings (Income Tax), New Delhi. Endemol India (P.) Ltd., In re

Issue: The applicant starting its operation with production of reality shows was engaged in the business of providing and distributing television programmes. It produced a reality show for which the shooting took place in Argentina. For the purpose of that show it engaged Endemol for providing line production services in Argentina. It approached the AAR to determine whether the amount paid to Endemol would constitute Fees for Technical Services or Royalty?

 

Decision: The services rendered by such non-resident would be specifically characterized as ‘work’ for the purpose of section 194C.

 

Reasoning: The Delhi High Court in the case of CIT v. Prasar Bharati (Broadcasting Corporation of India), [2007] 158 Taxman 470 (Delhi) held that broadcasting and telecasting including production of programmes for such broadcasting and telecasting do not fall under the provision of section 194J as they are specifically covered by definition of work in section 194C of the Act. CBDT’s Circular No. 715, dated 08-08-1995 stated that payments made to advertising agencies for production of programmes, which are to be broadcasted / telecasted, would be subject to withholding tax under section 194C of the Act. Since the payments made by the applicant to Endemol were for production of programmes for the purpose of broadcasting and telecasting, the services rendered by such non-resident would be specifically characterized as ‘work’ for the purpose of section 194C. If the services were characterized as ‘contact work’ under section 194C of the Act, then the income received would be necessarily treated as business income. In absence of PE of non-resident in India, the income of the non-resident company was not taxable in India. In that case it would not be appropriate to treat the item, i.e., services for production of programmes for telecasting as ‘Fees for Technical Services’ under the provision of section 9(1)(vii) of the Act.

 

8.   [2013] 40 taxmann.com 345 (AAR – New Delhi)

Authority For Advance Rulings (Income Tax), New Delhi .Endemol India (P.) Ltd., In Re

 

Issue: The applicant starting its operation with production of reality shows was engaged in the business of providing and distributing television programmes.The applicant entered into consultancy agreement with a Dutch Company, to carry out its business efficiently and in a profitable manner. In view of the agreement the Dutch Company was to provide administrative services to the applicant. It approached the AAR to determine whether the payments made to Endemol for availing of administrative services would be in the nature of Fees for Technical Services.

 

Decision: The payment would not be taxable as business income in India in terms of the India-Netherlands DTAA

 

Reasoning: The consultancy agreement clearly showed that it was the ‘considerable experience, knowledge and expertise’ of the holding company that was to be rendered and for which payments were to be made. Thus, these services could not be termed as administrative and support services as was tried to be made out by the applicant. The services rendered in this case were technical services both under the provision of the Income-tax Act and under the India-Netherlands DTAA subject to fulfillment of requirements of the ‘make available’ clause in the treaty. The applicant merely took assistance of the holding company in its business activities. There was no material to suggest that the technical know-how, skill, knowledge and expertise were transferred to the applicant so as to enable the applicant to apply this technical know-how, etc., independently.  Therefore, the requirement of ‘make available’ was not satisfied and, hence, the payments made for the services rendered would not come under Fees for Technical Services as per DTAA. There was no material to show that they had any presence in India. There was also no material to suggest that the applicant was fully dependent on Endemol. In such circumstances Endemol did not have any PE in India. Thus, the payment would not be taxable as business income in India in terms of the India-Netherlands DTAA.

 

9.   [2013] 40 taxmann.com 180 (Mumbai – Trib.)

Platinum Asset Management Ltd. Deputy Director of Income-tax (International Taxation)

 

Issue: Assessee, an FII, treated loss from sale of derivatives as business loss.

 

Decision: Loss incurred from transaction in derivative by assessee, being sub-account FII, could not be treated as business loss rather it was to be considered as short-term capital loss which was eligible for adjustment against short-term capital gain arising from sale of shares.

 

Reasoning: It is seen that income arising from the transfer of securities of the FIIs has been included under sec. 115AD(1)(b) to be categorized as short-term or long-term capital gain depending upon the period of holding. In such a situation, it is impermissible to consider such income as falling under the head “Profits and gains of business or profession”. Such income arising from the transfer of securities shall be charged to tax under the head “capital gains” alone. Once inclusion of such income from the transfer of securities is held to be falling only under the head “Capital gains”, it cannot be considered as ‘Business income”, whether speculative or non-speculative

Updates in Corporate and Allied Law – January 2014 Series

Shree Guru Kripa’s Institute of Management

“Gyaan Smriti” – CORPORATE LAW UPDATES – January 2014 Series

Updates in Corporate and Allied Law

1.    GENERAL CIRCULAR NO.20/2013 [NO.1/12/2013-CL-V], DATED 27-12-2013

SECTION 2(87) OF THE COMPANIES ACT, 2013, READ WITH SECTION 4(3) OF THE COMPANIES ACT, 1956

It is hereby clarified that the shares held by a company or power exercisable by it in another company in a ‘fiduciary capacity’ shall not be counted for the purpose of determining the holding-subsidiary relationship in terms of the provision of section 2(87) of the Companies Act, 2013.

2.    CIRCULAR NO.19/2013 [NO.17/27/2013-CL-V], DATED 10-12-2013

SECTION 182 OF THE COMPANIES ACT, 2013 ­– CLARIFICATIONS AS TO REQUIREMENTS OF DISCLOSURE ON PART OF AN ELECTORAL TRUST COMPANY OF ANY AMOUNT OR AMOUNTS CONTRIBUTED BY IT TO ANY POLITICAL PARTIES UNDER SECTION 182(3)

It is hereby clarified as under;

(i) Companies contributing to an ‘Electoral Trust Company’ for contributing to a political party or parties are not required to make disclosures required under above section.
(ii) Companies contributing any amount or amounts directly to a political party or parties will be required to make the disclosures laid down in above section.
(iii) Electoral Trust Companies will be required to disclose all amounts received by them from other companies/sources in their Books of Accounts and also disclose the amount or amounts contributed by them to a political party or parties as required by above section.

3.            A.P. (DIR SERIES 2013-14) CIRCULAR NO. 78, DATED 3-12-2013

EXTERNAL COMMERCIAL BORROWINGS (ECB) BY HOLDING COMPANIES/CORE INVESTMENT COMPANIES FOR THE PROJECT USE IN SPECIAL PURPOSE VEHICLES

In order to strengthen the flow of resources to infrastructure sector, it has been decided to permit Holding Companies/Core Investment Companies (CICs) coming under the regulatory framework of the Reserve Bank to raise ECB under the automatic route/approval route, as the case may be, for project use in Special Purpose Vehicles (SPVs) with respect terms and conditions as specified.

4.            A.P. (DIR SERIES 2013-14) CIRCULAR NO. 79, DATED 6-12-2013

EXIM BANK’S LINE OF CREDIT OF USD 30.94 MILLION TO THE GOVERNMENT OF LAO PEOPLE’S DEMOCRATIC REPUBLIC

Out of the total credit by Exim Bank under this Agreement, the goods and services including consultancy services of the value of at least 75 per cent of the contract price shall be supplied by the seller from India and the remaining 25 percent goods and services may be procured by the seller for the purpose of Eligible Contract from outside India.

Under the LOC, the last date for opening of Letters of Credit and Disbursement will be 48 months from the scheduled completion date(s) of contract(s) in the case of project exports and 72 months (September 08, 2019) from the execution date of the Credit Agreement in the case of supply contracts.

No agency commission is payable under the above LOC.

5.            A.P. (DIR SERIES 2013-14) CIRCULAR NO. 81, DATED 24-12-2013

BORROWING AND LENDING IN RUPEES – INVESTMENTS BY PERSONS RESIDENT OUTSIDE INDIA IN THE TAX FREE, SECURED, REDEEMABLE, NON-CONVERTIBLE BONDS

It has been decided to permit resident entities/companies in India, authorised by the Government of India, to issue tax-free, secured, redeemable, non-convertible bonds in Rupees to persons resident outside India to use borrowed funds for the following purposes:

(a) for on lending/re-lending to the infrastructure sector; and
(b) for keeping in fixed deposits with banks in India pending utilization by them for permissible end-uses.

6.            A.P. (DIR SERIES 2013-14) CIRCULAR NO. 80, DATED 16-12-2013

DEFERRED PAYMENT PROTOCOLS DATED 30-4-1981 AND 23-12-1985 BETWEEN GOVERNMENT OF INDIA AND ERSTWHILE USSR

Circular No.76 dated November 19, 2013, wherein the Rupee value of the Special Currency Basket was indicated as Rs.86.513657 effective from November 18,2013.

Further revision has taken place on December 09, 2013 and accordingly, the Rupee value of the Special Currency Basket has been fixed at Rs.83.564155 with effect from December 12, 2013.

7.            A.P. (DIR SERIES 2013-14) CIRCULAR NO.82, DATED 31-12-2013

IMPORT OF GOLD BY NOMINATED BANKS /AGENCIES/ENTITIES

It has been decided to issue the following clarifications w.r.t to import of gold Dore which shall come into force with immediate effect :

(a) Refineries are allowed to import dore up to 15% of their gross average viable quantity based on their license entitlement in the first two months for making this available to the exporters on First in First out (FIFO) basis. Subsequent to this, the quantum of gold dore to be imported should be determined lot-wise on the basis of export performance.
(b) Before the next import, not more than 80% shall be allowed to be sold domestically.
(c) The dore so imported shall be refined and shall be released based on FIFO basis following 20:80 principle.
(d) The imports, thereafter, shall be allowed only up to 5 times the quantum for which proof of export has been submitted. This shall be on accrual basis.

8.            A.P. (DIR SERIES 2013-14) CIRCULAR NO.83, DATED 3-1-2014

OVERSEAS DIRECT INVESTMENTS – ROLLOVER OF GUARANTEES

It has been decided not to treat/reckon the renewal/rollover of an existing/original guarantee, which is part of the total financial commitment of the Indian party in terms of Regulation 6 of the Notification ibid, as a fresh financial commitment, if the said conditions are satisfied.

In case, however, the above conditions are not met, the Indian party shall obtain prior approval of the Reserve Bank for rollover/renewal of the existing guarantee through the designated AD bank.

Learning From Nov 2013 Exams – CA Final – By S Sundar Raman, FCA

The result of Nov 2013 Exams – CA Final and CA CPT declared on 15th Jan, 2014 by ICAI. The results were very dis-appointing at first place for CA FINAL, whereas in case of CA CPT it was normal.

CA FINAL Result position is as follows:-

[Exhibit – 1]

Group I

5.67%

Group II

7.35%

Both Group

3.11%

 

The result was the lowest in the past 5 years.

Exam

Group 1 (%)

Group 2 (%)

Both Groups (%)

Nov-13

5.67

7.35

3.11

May-13

13.79

18.65

10.03

Nov-12

12.97

27.3

21.85

May-12

25.32

29.62

16.38

Nov-11

25.54

27.81

15.78

May-11

36.34

26.67

20.51

Nov-10

20.37

11.31

9.33

May-10

13.19

7.88

6.56

Nov-09

11.05

8.93

8.7

Continue reading

Statutory Compliance Chart January – 2014

DATE COMPLIANCE REQUIRED FORM NO. / CHALLAN NO.
JANUARY 2014
6 EXCISE: PAYMENT OF EXCISE DUTY FOR DEC 2013 AND PAYMENT OF EXCISE DUTY FOR QUARTER ENDING DEC 2013 BY SSIs GAR 7
EXCISE: E-PAYMENT OF EXCISE DUTY FOR DEC 2013 AND E-PAYMENT OF EXCISE DUTY FOR QUARTER ENDING DEC 2013 BY SSIs 
NOTE: E-PAYMENT IS MANDATORY IF ED PAID>=10 LAKHS IN FY 2012-13
SERVICE TAX: PAYMENT OF SERVICE TAX FOR DEC 2013 BY CORPORATES AND PAYMENT OF SERVICE TAX FOR THE QUARTER ENDING DEC 2013 BY NON-CORPORATES
SERVICE TAX:  E-PAYMENT OF SERVICE TAX FOR DEC 2013 BY CORPORATES AND E-PAYMENT OF SERVICE TAX FOR THE QUARTER ENDING DEC 2013 BY NON-CORPORATES 
NOTE: E-PAYMENT IS MANDATORY IF ST PAID>=1 LAKH IN FY 2012-13
7 INCOME TAX: DEPOSIT OF TDS/TCS COLLECTED DURING DEC 2013 281
10 EXCISE: MONTHLY RETURNS FOR PRODUCTION AND REMOVAL OF GOODS AND CENVAT CREDIT FOR DEC 2013 ER 1
EXCISE: MONTHLY RETURNS OF EXCISABLE GOODS MANUFACTURED & RECEIPT OF INPUTS & CAPITAL GOODS BY UNITS IN EOU, STP, HTP FOR DEC 2013 ER 2
EXCISE: MONTHLY RETURNS OF INFORMATIONS RELATING TO PRINCIPAL INPUTS FOR DEC 2013 BY MANUFACTURER OF SPECIFIED GOODS WHO PAID DUTY>=RS. 1 CRORE DURING FY 2012-13 BY PLA/CENVAT/BOTH ER 6
EXCISE: QUARTERLY RETURNS OF PRODUCTION AND REMOVAL OF GOODS BY SSIs FOR THE QUARTER ENDING DEC 2013 ER 3
13 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING DEC 2013 FOR ASSESSEES WHOSE YEARLY SALES TURNOVER > RS. 200 CRORES IN THE FY 2012-13 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
14 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING DEC 2013 FOR ASSESSEES WHOSE YEARLY SALES TURNOVER > RS. 200 CRORES IN THE FY 2012-13 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
15 EXCISE: QUARTERLY RETURNS OF ASSESSEES PAYING 1% OR 2% EXCISE AND NOT MANUFACTURING ANY OTHER GOODS FOR QUARTER ENDING DEC 2013 ER 8
INCOME TAX: QUARTERLY STATEMENT OF TDS FROM INTEREST, DIVIDEND OR ANY OTHER SUM PAYABLE TO NON-RESIDENT FOR QUARTER ENDING DEC 2013 27Q
INCOME TAX: QUARTERLY STATEMENT OF TDS IF DEDUCTOR IS A PERSON OTHER THAN OFFICE OF THE GOVERNMENT FOR QUARTER ENDING DEC 2013 24Q/26Q
INCOME TAX: QUARTERLY STATEMENT OF TCS FOR QUARTER ENDING DEC 2013 27EQ
EXCISE: QUARTERLY RETURN OF CENVAT BY FIRST STAGE AND SECOND STAGE DEALERS FOR QUARTER ENDING DEC 2013 ER 3
EPF: PAYMENT OF EPF CONTRIBUTION FOR DEC 2013
EPF: CONSOLIDATED STATEMENTS OF DUES AND REMITTANCES UNDER EPF AND EDLI FOR DEC 2013 12A
EPF: MONTHLY RETURNS OF EMPLOYEES WHO JOINED/LEFT THE ORGANISATION IN DEC 2013 5/10
20 EXCISE: QUARTERLY RETURN OF PRODUCTION, REMOVAL AND CENVAT BY SPECIFIED MANUFACTURERS OF YARNS AND READY MADE GARMENTS FOR QUARTER ENDING DEC 2013 ER 3
CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING DEC 2013 FOR ASSESSEES WHOSE YEARLY SALES TURNOVER < RS. 200 CRORES IN THE FY 2012-13 IF THE MODE OF PAYMENT OF VAT AND CST IS BY CASH/CHEQUE/DD FORM 1 / FORM I
21 ESI: DEPOSIT OF ESI CONTRIBUTIONS AND COLLECTIONS FOR DEC 2013
22 CST/TN VAT: MONTHLY RETURNS AND PAYMENT OF CST AND VAT COLLECTED DURING DEC 2013 FOR ASSESSEES WHOSE YEARLY SALES TURNOVER < RS. 200 CRORES IN THE FY 2012-13 IF THE MODE OF PAYMENT OF VAT AND CST IS BY ELECTRONIC MODE FORM 1 / FORM I
30 INCOME TAX: ISSUE OF TDS CERTIFICATE FOR TDS MADE FOR QUARTER ENDING DEC 2013 EXCEPT ON SALARIES 16A
31 INCOME TAX: QUARTERLY RETURN OF NON-DEDUCTION OF TAX AT SOURCE U/S 206A BY BANKING COMPANY FOR QUARTER ENDING DEC 2013 26QAA
INCOME TAX: QUARTERLY STATEMENT OF TDS IF THE DEDUCTOR IS AN OFFICE OF GOVERNMENT FOR QUARTER ENDING DEC 2013 24Q/26Q/27Q