Statements/ VAT Audit to be furnished by registered dealers and penalty for Non furnishing the same Under WB VAT

As per Sec­tion 30E of West Ben­gal VAT Act 2003-

(1) Every reg­is­tered deal­er shall, in the man­ner as may be pre­scribed, sub­mit before the pre­scribed author­i­ty such state­ments, accounts or dec­la­ra­tions with­in such time as may be pre­scribed and shall ver­i­fy that such state­ments, accounts or dec­la­ra­tions are true to the best of his knowl­edge and belief in Form 88A with­in 31st Decem­ber of the next finan­cial year.

(1A) Every reg­is­tered deal­er, oth­er than Pub­lic Lim­it­ed com­pa­ny Pri­vate Lim­it­ed Com­pa­ny reg­is­tered under the Com­pa­nies Act, 1956(1 of 1956), whose turnover of sales or con­trac­tu­al trans­fer price or both exceeds [rupees ten crore in a year] shall, with­in such date as may be pre­scribed, sub­mit before the pre­scribed author­i­ty P & L Account and Bal­ance Sheet for such year , along with the audit report of a Char­tered Accoun­tant with­in the mean­ing of the Char­tered Accoun­tant Act, 1949(38 of 1949), or a Cost Accoun­tant with­in the mean­ing of the Cost and Works Accoun­tant Act,1956(23 of 1959) , in the pre­scribed form in Form 88 with­in 31st Decem­ber of the next finan­cial year..

(1B) Every reg­is­tered deal­er, being a Pub­lic Lim­it­ed com­pa­ny pr Pri­vate Lim­it­ed Com­pa­ny reg­is­tered under the Com­pa­nies Act, 1956, shall, with­in such date as may be pre­spriced , sub­mit before the pre­scribed author­i­ty a copy of the audit­ed P & L Account and Bal­ance Sheet for such year , along with the audit report of any Char­tered Accoun­tant with­in the mean­ing of the Char­tered Accoun­tant Act. 1949 (38 of 1949), or any Cost Accoun­tant with­in the mean­ing of the Cost and Works Accoun­tant Act. 1959 (23 of 1959), in the pre­scribed form in Form 88 with­in 31st Decem­ber of the next finan­cial year.

(2) If reg­is­tered deal­er fails to sub­mit state­ments, accounts, audit reports or dec­la­ra­tions, as the case may be, referred to in sub-sec­tion, sub-sec­tion (1A) or sub-sec­tion (1B), he shall be liable to pay a penal­ty not exceed­ing rupees five thou­sand for each default , in the man­ner as may be prescribed .

Down­load Self Audit Form 88A of west Ben­gal Vat Act 2013 in Excel Format.