What are Annexure 2A-2BQuarterly purchase and Sales Details are to be submitted to VAT Department in Annexure Procedure for Annexure 2A 2B and 2C 2D in DVAT Form Name and Due Date of VAT Return. Nil 2A & 2B can be filed after loging into the DVAT website and then go to Approval forms under the heading file 2A & 2B and check the option. DVAT – Annexure 2A and 2B. Download Preview. Description: DVAT- Purchase and Sales Summary #xls. Submitted By: Madan Kumar Misra.

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Click Here Penalties and Prosecutions Default in complying with provisions of or with conditions prescribed under the Income-tax Act would attract certain penalty and in critical cases prosecutions as well. Selling Dealer having shown more amount of sales in Annexure 2B and 2q purchase amount being correctly entered by the Buying Dealer, the mismatch report will be generated without any penalty being levied on buyer. Feed the data in return carefully.

Amount of penalty that can be levied on Dealer: If seller does not show the sale invoice in Annexure 2B but buyer has already shown the purchase invoice in Annexure 2A, more input has been claimed by the buyer that has not been passed by seller giving rise to mismatch report.

The document will provide you information about the punishable offences, prosecutions and the quantum of penalties that can be imposed under the law. P ost written by CA Usha Garg. A purchase goods from Mr. A in his form 2A wrongly shows. Feed the data in return carefully and before submitting the return, check whether all invoices have been entered or not. Unknown 25 June at Section 92 of the Companies Act, requires every company to prepare an Annual Return, a comprehensive document which contains information of a company rela….


Is it possible to waive of Penalty.

How to Rectify DVAT 2A-2B Mismatch

Who receive notice of Mismatch. Thus they can avoid this mismatch by filling this column. This type of error occurs due to products having multiple tax rates purchased from a single dealer or issue of one invoice for multiple tax dvaf products.

The Act has incorporated a framework which is based on self-regulation but with enhanced disclosures and accountability on the part of companies and their managements.

DVAT – Annexure 2A and 2B

All Types of Purchases, whether local, central or import is shown in Annexure 2A. Regulators too are increasingly relying on professionals in achieving fprm governance and Independent professionals are seen as an extended arm of the government. In this case, buyer will be penalised for no default on his part but if this would be the reverse case, the mismatch report will be generated without any penalty being levied on from buyer. It may be possible that the Selling Dealer has shown lesser amount of sales in Annexure 2B due to typing mistake but the Buying Dealer shows the correct more amount of purchases in Annexure 2A.

You may also mail your queries at mail klaggarwal. It can better be understand with the help of an illustration.

Since, it is the responsibility of the purchaser to provide correct information to the department as he is willing to claim Input Tax Credit against output VAT liability.

Filing an appeal to Appellate Authority. B in his form 2B correctly shown fogm sales fom. Yes, It is possible to waive off penalty through an appeal made to Appellate Authority with 30 days from the date of order.


Determination of undisclosed income of block period Section BFA 2. Sometimes, Input tax credit is taken on tax charged on retail invoice and thus wrong input claimed on retail invoice will result in mismatch.

Thus, Buying Dealer has claimed more input and he will be penalised for no default on his part.

Mismatch Report after filing the DVAT Return

Is it vdat to waive off Interest in an appeal or otherwise. To avoid this mistake, seller should issue the invoice timely and back dated invoice should not be issued.

The corporate sector will be required to for responsible self-regulation and corporate governance on their part, which necessitates the services of independent, competent and responsible governance professionals. Following can be the reasons of mismatch. Popular posts from this blog. Time period to revise the return is within one year gorm the end of the financial year of tax period to which the original return relates.

If the dealer is aggrieved with the order passed by Appellate Authority then he can file second appeal to Sales Tax Appellate Tribunal.

The difference in Vat value Rs. If the mismatch arise due to mistake in DVAT return then it can easily be rectified by revising the return either by Seller or by Purchaser, if the revise period is still available. At what rate Interest would become payable by the dealer.