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36 : Payment of tax M.P. VAT RULES

36 : Payment of tax

(1) Every registered dealer, other than a dealer to whom the provisions of sub-rule (2) apply, shall pay tax quarterly within thirty days of expiry of the quarter to which the tax to be paid relates.

(2) Every registered dealer who is required to furnish quarterly returns,-

(a) if he is liable to pay tax ordinarily of rupees fifteen thousand per quarter or rupees sixty thousand per annum or above but less than rupees twenty five lacs shall pay,-

(i) an amount equal to the actual amount of tax payable by him for the first and second month of every quarter of a year or one third of the tax deposited in respect of quarter of the previous year corresponding to such quarter before the 10th of the second and third month of the quarter,

(ii) (1) the balance of the amount of tax due from him according to the return for the first and second and third quarter respectively on or before the date prescribed for furnishing the return for such quarter, and

(2) the actual amount of tax payable for the first twenty five days of the month of March or one third of the tax deposited in respect of the last quarter of the preceding year on or before 31 March of the year and the balance of the amount of tax due from him according to the last return for such quarter, on or before the date prescribed for furnishing that return,

(b)if he is liable to pay tax ordinarily of rupees twenty five lacs per quarter or above or rupees one crore per annum or above, shall pay,-

(i) an amount equal to the actual amount of tax payable by him for the first and second month of every quarter of a year before the 10th of the second and the third month of the quarter

(ii) (1) balance of the amount of tax due from him according to the return of the first, second and third quarter respectively on or before the date prescribed for furnishing the return for such quarter; and

(2) the actual amount of tax payable for the first twenty five days of the month of March of a year on or before the 31 day of March and the balance of the amount of tax due from him according to the return for such quarter, on or before the date prescribed for furnishing the return for that quarter.

(3) A dealer to whom permission has been granted under rule 25 to furnish return for different period, shall pay the tax for such period by the dates specified in the order in form 14.

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

Goods & Service Tax

Our core competence is statutory compliance, advisory, corporate tax planning and appellate matters of direct and indirect taxesandcorporate training sessions on GST.

The senior partner of the firm has to his credit several professional publications viz., Delhi Sales Tax Right to Use Goods Act, Delhi VAT, Maharashtra VAT, West Bengal VAT, Haryana VAT published by Taxmann. Madhya Pradesh VAT and Chhattisgarh VAT were published by Suvidha Law House, Bhopal. He has also addressed seminars on indirect taxes organized by professional bodies like ICAI, IMA, NIFM etc. and has also contributed articles on subjects of pro. . . . .