Our Packages


Silver

Rs. 1,500/-


  • Exclusive of all Government Fees
  • +
  • Filing of Vat Return upto 10 transactions.

Gold

Rs. 2,500/-

  • Exclusive of all Government Fees
  • +
  • Filing of Vat Return upto 100 transactions.

Platinum

Rs. 5,000/-

  • Exclusive of all Government Fees
  • +
  • Filing of Vat Return upto 500 transactions.

Sales Tax or VAT Return Filing


Sales Tax Return filing is a mandatory step for every business entity in India registered for the same. Filing for sales tax returns is always considered as a complicated task as it consumes up a lot of time and resources. Hiring expensive staff during the peak tax season is indeed a costly affair. In India, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods. Revenues from the Sales Tax Rate are an important source of income for the government of India.

 

Documents/Information Required

1.   Copy of sales Invoice raised during the period including central sales, if any.
2.  Copy of Purchase Bills including central purchase, if any.
3.  Details of payment received for the sale made during the period.
4.  Any other documents, if required.

 

SALES TAX RETURN/VAT RETURNS-DELHI

Meaning Of  Sales Tax/VAT
The Value Added Tax (VAT) is a multistage tax levied as a proportion of the value added (i.e. sales minus purchase) which is equivalent to wages plus interest, other costs and profits.

DUE DATES FOR PAYMENT OF SALE TAX

Sales tax is paid on monthly basis before the 21st of following month

DUE DATES FOR FILLING VAT RETURNS

Due date for filing VAT Return in delhi is 25th of Next Month following the quarter
Example For Quarter 1 ( April – June) Due date for filing return is 25th of July

VAT AUDIT AS PRESCRIBED BY LAW

For the purpose of Section 49, a dealer whose gross turnover in a year exceeds one crore rupees, shall get his accounts of such year audited by an accountant, and shall be liable to submit a report, as notified by the Commissioner, from time to time:

PROVIDED that the Commissioner may, by an order, require a dealer or class or classes of dealers, to submit a simplified version of the report in lieu of report notified by him under section 49,

PROVIDED FURTHER that the Commissioner may, by an order, exempt a dealer or class or classes of dealers, from furnishing a report, for the purpose of Section 49.

Who is Liable for VAT Audit

S.N.Nature of the Dealer –Based upon

1. TurnoverExemption , if any

  • Dealers whose Gross Turnover does not exceed Rs. 1 croreNot liable for VAT Audit
  • Dealers whose turnover exceeds Rs. 1 crore but is less than Rs. 10 croreForm of Audit Report and its time and manner yet to be  notified by the Commissioner.
  • Dealers whose Gross Turnover is Rs. 10 crore or more.

a) Dealers exclusively dealing in Commodities listed in first schedule to the ACT

b) Dealers with 100 % export Turnover.

Process Involved


Step 1

Documents

Step 2

Data processing and Tax Analysis

Step 3

Tax Payment

Step 4

Return Upload

Step 5

Signing of Return

Step 6

Acknowledgement

BENEFITS OF SALES TAX OR VAT RETURN FILING


SAVE PENALTIES

The non-registration & non filing of return under any applicable VAT registration attracts heavy penalties.

REDUCING CHEATING

The basic reason for the introduction of VAT is to arrest the increasing smuggling and cheating, which were resultants of high sales tax and tariffs.

REDUCE CASCADING EFFECT

VAT has an effect of reducing cascading effect of various taxes for end consumer. VAT is based on value added not on total price. So, price does not increase as a result of VAT.

FREQUENTLY ASKED QUESTION


Firtsly we will collect the data and information from the client by mail or in hard copy then afterwards we will provides services of mainting the books of accounts.
Our core service portfolio is comprised of accounting, bookkeeping, accounting systems automation and integration, Controller level services, CFO level services, and payroll. So whether you're willing to seek an expert's help to take care of your books of accounts, or looking for a customized accounting system, or want help to process payroll payments or require a part-time CFO, we can help.
  • Finlegalforte values and respects the privacy and confidentiality of all information transmitted.
  • The information transmitted is always encrypted and then sent through secure channels on the internet
  • Sales Tax Returns are to be filed Qualerly on the 21st July, October, January and April for the quater ending June, September, December and March, respectively. However hard copy of vat return is required to be filled on or before 27 of relevant quarter.
    You can scan and send us the documents. We could even arrange for the documents to be picked up by our representatives
    Yes, whenever possible we will do our best to make sure you have the same bookkeeper. In addition, you will have a point-person on your account, someone personally familiar with and responsible for your books. You also have the advantages that come with an experienced team of bookkeepers and the back-up of our administrative and support staff.
    Most accounting staff have limited work experience. They perhaps have worked at two or three other companies where they reported to a more senior accountant. They may now be reporting to the business owner who has a background in general business, engineering or sales – probably not finance or accounting. There are many areas where these staff accountants do not have an experience and need guidance. Registrationwala.com can provide the necessary guidance and management. This enables the staff accountant to grow and to gain the experience to properly address these issues. Eventually, the staff accountant can be promoted to Controller or CFO and then become a more valuable and dedicated employee, and at that time, the talents registrationwala accountant may not be needed. This is a win-win situation. It is a win for our accountants because we were successful in our mission — which is to help our clients grow, and a win for you because you now have an accounting staff that can take you to the next level.
    The company has to prepare its balance sheet and profit & loss account from the books of account maintained by it. Every Balance Sheet of a company must give a true and fair view of the state of affairs of the company as at the end of the financial year and must be in the prescribed format.
    If incorrect VAT return is filled then it can be revised till the last date of following Financial year.
    If incorrect VAT return is filled then it can be revised till the last date of following Financial year.
    In simple words, VAT = Output Tax – Input Tax

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