Form 55, VAT + CST

[d.v. gupta]

LET ME KNOW PLEASE WHICH DEALER HAS TO FILE FORM 55 UNDER DVAT ACT.SUPPOSE A DEALER HAS ATURNOVER OF RS. 11 LACS FOR THE PERIOD 2006-2007 AND PREVIOUSLY THE RETURN PERIOD WASQUARTELY. HAS THE DELAER FILE FORM 55 TO OPT HALF YEARLY RETURN FOR 2007-08 OR AUTOMATICALLY AS PER ACT THE PERIOD CHANGE.

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[Surender Gupta]

For the dealers to whom sub rule (1) of rule 26 applies, tax period is changed automatically but an intimation to that effect is must as per sub rule (4). On the other hand a dealer who wish to change return period voluntarily under sub rule (3) shall also be required to file an intimation under sub rule (4) - Form 55