Revised amounts of processing fee under the amended rule 40-A under Punjab VAT Rules, 2005 are as follows: "40-A. Annual processing fee.- Every taxable person, shall pay annual processing fee, as specified in the Table given below, in the month of October every year, and shall attach a receiptlchallan , as the case may be, as a proof of payment of such fee along with the quarterly return, namely:- Serial No. Category of Dealer. Amount of Processing fee (in rupees) 1. Dealers, who have not filed returns during the financial year 2012-13 Rs. 1500 2. Dealers, whose gross turnover was nil during previous financial year. Rs.1500 3. Dealers, who have paid no tax and whose gross turnover is up-to-rupees,- (i) one crore; 1500 (ii) one crore to five crore; 2500 (iii) five crore to ten crore; and. 3500 (iv) ten crore and above. 5000 4. All other Dealers 800
Posted on: Thu, 19 Sep 2013 22:13:03 +0000
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