sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
News Headlines »
 5 things you should not forget while filing income tax return
 10 Easy Steps to File ITR 1 Online
 How to e-verify income tax return?
 What to do when you receive a notice from the tax department
 How to use your Form 16
 Which ITR form applies to you for financial year 2017-18?
 Income tax returns filing form-2 released; should you use it? Find out
  Are you planning to file ITR 1 form? here's how to do it Income Tax Return (ITR) filing
 30 LPA-Opening Financial Controller
 ITR form 2 in java release by CBDT for return filing by individuals
 How to file your income tax return using ITR Form-1 Income Tax efiling for AY 2018-19

TN extends date for closing stock input tax credit
February, 19th 2007
The Tamil Nadu Government has extended the last date for traders to file their stock inventory statement to avail themselves of input tax credit for goods purchased last year.

According to an order, GO (MS) No 51, issued on Thursday, traders have up to February 28 to file the closing stock inventory statement as on December 31, 2006.

They were earlier expected to file the statement on January 31. According to information available on the State Government Web site, the Commissioner of Commercial Taxes has reported that a sizeable number of dealers, especially in the pharmaceutical industry and trade, have not filed the statements because a large number of purchase bills had to be consolidated and photocopied.

Also, the provision of extending input tax credit for closing stock of goods of second and subsequent purchases was notified only on January 1.

The Commissioner has recommended that the time may be extended as this facility is only a one-time benefit.

Assessing authorities will accept up to February 28 the inventory statements as prescribed in the Tamil Nadu Value Added Tax rules 2007.

A release from the Tamil Nadu Chamber of Commerce and Industry said that the move follows the recommendations of the VAT implementation monitoring committee.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Multi-level Marketing MLM India Affiliate Marketing Affiliate Marketing Software MLM Software MLM Solutions Multi level marketing solutions MLM Servi

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions