Indirect Tax
Vat

VAT Challan

It is a form to pay tax to State Government

It is normally paid in banks

 

VAT Return

Details of tax paid are given in VAT return in prescribed  format

It is deposited with local VAT Department

 

Note:- First we pay challan and then details of challans are given in return.

Hence, first challan is deposited and later return is filed

 

Due date of Challan and Return

It depends upon state to state.

In some states, it is done monthly while in others, it is done quarterly and annually

In some states, there are more than one types of returns also

 

Revision of Return

In case of some mistake in the return, it can be rectified by filing revised return

State VAT Act prescribes the period during which such return can be revised

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CA Maninder Singh

CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.