D-VAT

niranjan (Querist) 28 April 2011 This query is : Resolved
(1)Is it is necessary to file D-VAT 01 for each financial year to avail option of composite scheme under VAT?

(2)If i file DVAT 01 for year 2011-12 on 30 April 2011.what is due date to file DVAT 03 for reversal of option of composite scheme?

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R.Ramachandran (Expert) 28 April 2011
Once D-VAT 01 is filed, then there is no need for filing the said Form each year.

If you file DVAT 01 for the year 2011-12, then you can file DVAT 03 only during the next year i.e. 2012-13 and you should file the said Form before 30.4.2012.

Guest (Expert) 29 April 2011
Agree with Ramachandran.

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