Tamil Nadu Government issues instruction regarding filing of Audit Report in Form-WW for the year 2017-18

Dec 31, 2018 | by Avantis RegTech Legal Research Team


The State Government of Tamil Nadu on December 28, 2018 has issued certain instruction regarding filing of Audit Report in Form-WW for the year 2017-18, after receiving representations from various Federation of Industries and Chamber of Commerce, namely:

·         Instructions were issued to all the Assessing Authorities to accept manual filing of Form-WW in the revised format as mandated in Section 63-A of the Tamil Nadu Value Added Tax Act, 2006 as prescribed in G.O. (Ms). No.18 Commercial Taxes and Registration Department, dated January 29, 2016, without insisting on electronic filing as it is filed only for the limited period for the assessment year 2017-18 (i.e. upto June 30, 2017).

·         All the Assessing Authorities were also instructed to accept manual filing Form-WW in the format prescribed in G.O. (Ms). No.18 Commercial Taxes and Registration Department dated January 29, 2016 for the entire financial year 2017-18 from the dealers dealing in goods covered under the Entry 54 of the State List of the Seventh Schedule to the Constitution, without insisting on electronic filing.

·         One among the clarifications issued to Tvl. Hindustan Chamber of Commerce, Chennai-6 is that the Balance Sheet for the year ending March 31, 2018 can be filed and submitted along with Form –WW but the details involving Turnover/Tax, etc,. called for therein in each of Part-A, B, C, D, E, F wherever required should pertain to the period upto June 30, 2017 and in addition to this, Trading and Profit & Loss Account for the period from April 01, 2017 to June 30, 2017 shall be submitted as a preparation of separate Balance Sheet for the three month period may not be feasible and it does not represent the company as a whole in all respect.

·         Filing of Trading and Profit and Loss Account for the period from April 01, 2017 to June 30, 2017, along with Balance Sheet for the year 2017-18 is insisted only for the purpose of scrutiny with reference to the details furnished in the monthly returns during the said period.

·         Considering the limited time left for filing of audit report, all the Assessing Authorities are instructed to accept manual filing of Form-WW in the revised format as mandated in Section 63-A of the Tamil Nadu Value Added Tax Act, 2006 as prescribed in G.O. (Ms). No.18 Commercial Taxes and Registration Department dated January 29, 2016 for the year 2017-18, even if it is not supported with Trading and Profit & Loss Account for the period from April 01, 2017 to June 30, 2017. However, the Assessing Authorities are directed to obtain the Trading and Profit and Loss Account for the period from April 01, 2017 to June 30, 2017, from those dealers who have filed Form-WW for the year 2017-18, at a later date i.e., on or before February 28, 2019.

[Lr. No. Drafting Cell-I/41035/2018]

 

URL: https://ctd.tn.gov.in/documents/10184/188169/Filing%20of%20Form%20WW/19466103-4a24-421a-9369-2dd1feb00de4


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