The Commercial Tax Department announced certain measures for simplification of tax administration.
In a release, Commercial Tax Commissioner G.Srinivas said dealers can opt for renewal of their registration for three years by paying the prescribed fee for three years. Small dealers paying tax under composition scheme can file ‘Quarterly Return’ instead of the ‘Monthly Return’.
The commissioner also said the turnover limit for submitting Audit Report under Section 54 of Puducherry Value Added Tax Act 2007, has been enhanced from the existing Rs.50 lakh to Rs. 1 crore.