Training on new VAT e-services system.

Dear Member,

Invitation letter received from The Joint Commissioner (CT), Tirupur for training on new VAT e-services system.

All members are requested to attend the training compulsorily as it is our life issue and without the training it will be difficult to file monthly returns in the new system.

Secretary.
_________________________________________________________________________________

COMMERCIAL TAXES DEPARTMENT

From                                                                                                  To

Dr.K.C.S.Arunabharthi, B.V.Sc.,                                                        The Joint Commissioner (CS),
Deputy Commissioner (CT),                                                                Computer System,
Tiruppur.                                                                                              Greams Road, Chennai.

Ref.No. 9167/2014/Al dated 12.12.14

Sir,
                        Sub: Providing Training to dealers, auditors, STP's regarding E-services
                                provided by Commercial Taxes Department (Total Solution Project).

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        Commercial Taxes Department will conduct a training program for Dealers, Exporters, Sales Tax Practioners and Auditors regarding Following E-services.

          1) Online filling of application Form for Registration

          2) Online filling of returns

          3) E-Payment for Taxes

          4) Auto generation of statutory forms.

          5) Online application and generation of pass

          6) Offline entry at check post.

          7) SMS and e-mail notification and alerts.

          8) System generated 'Self assessment' order

          9) Electronic remittance facility for e-refund.

         10) System generated acknowledgement for refund.

         11) Online application for Form-S.

         12) Online submission of appeal.

         13) Online submission of grievances.

Date of Training: 18.12.2014 and 19.12.2014
                              Time: 10.30 AM to 01.00 PM and 02.00 PM to 05.00 PM

Venue of Training:  Tiruppur Export Association, (TEA)(Conference Hall)
                                 66, Appachi Nagar Main Road,
                                 Kongu Nagar, Tiruppur - 641 607.
                                                                                                                       Yours faithfully,

                                                                                                                 (K.C.S.Arunabharthi),
                                                                                                             Deputy Commissioner (CT),
                                                                                                                         Tiruppur.
Copy Submitted to
1) The Joint Commissioner (CT), Coimbatore
2) Tiruppur Export Association, Tiruppur.
3) The South India Hosiery Manufactures' Association(SIHMA), Tiruppur
4) Tirupur Branch of SIRC of ICAI, Tirupur

PRESENTATION ON TALLY ERP-9

Dear Member, 

Greetings from TPA, Tirupur and Prem Infotech Solutions India Pvt Ltd!

It gives us immense pleasure to invite you to an exclusive presentation -

"Using the Right Technology to Manage Your Business Challenges!"

Over the years while working with different businesses across the world we have identified certain business challenges which are common for all Sales Tax Consultants. We want to share our experience and acquired knowledge with you through this platform.

We request you to be a part of this and assure you that by the end of this seminar your take-away would be worth your time. You will be prepared to step up to the next level with the right solution!

Register now to confirm your Participation. 

The details of the seminar are:

Date : 22th November 2014, Saturday Time : 06:00 pm to 08.00 pm Venue : Vidya Mandir Matriculation School

Looking forward to meet you soon and forging a stronger future for the Prem Infotech family.

Secretary- TPA Tirupur

Tally Team- Prem Infotech Solutions India Pvt Ltd

IT TDS - AVOID DEFAULTS

We can easily avoid Defaults in TDS statements, by way of adherence to the following basic principles:

· Timely Payment of total taxes deducted/ collected
· Correct Reporting with regard to PANs, Tax Rate and Challans
· Complete Reporting for all Deductees
· Timely filing of TDS Statements

Following are some important facts to be adhered to, while submitting TDS statements, to avoid each type of Default:

· Late Payment Defaults:

o The taxes deducted must be deposited within the due dates, as prescribed by Rule 30 of the Income Tax Rules 1962.

o Please also refer to our communication on Important Guidelines for payment towards liability on account of Tax Deducted / Collected at Source

· Short Payment Defaults:

o All the taxes deducted must be deposited with challan 281 quoting correct TAN, Assessment Year, Minor Head etc.

o Challan details/BIN details quoted in the statement should be correct. Challans can be validated by using Challan Status Inquiry(CSI) file. Correct details can also be verified at TRACES in “Challan Status” menu under “Statement Status” after login.

o There should not be any difference in the amounts quoted in “Deducted” and “Deposited” columns of the deductee rows.

o Challans quoted in the statement must have balance available for consumption against specified deductee rows. Available balance can be verified at TRACES in “View Consumption Details” under “Statements/ Payments” menu after login.

o Government Deductors need to report Book entry flag as “Y” in challan details.

· Short Deduction Defaults:

o Taxes must be deducted at correct rates specified in the Act.

o Correct flags (A, B, C, T and Y) must be raised for no deduction/ lower deduction/ higher deduction, as appropriate.

o The PAN for deductees must be valid and correct. TAN-PAN Master can be downloaded from TRACES and be used to file statement to avoid quoting of incorrect and invalid PANs.

o Correct and valid 197 Certificates must be specified.

o For 24Q statements, correct flags should be raised for Woman/ Man/ Senior Citizen/ SuperSenior Citizen deductees, as may be appropriate.

o DTAA flag “B” must be raised under section 195 of the Act, at the time of filing 27Q  statements.

· Late Deduction Defaults:

o Taxes must be deducted at the time of Payment or Credit, whichever is earlier.

· Late Filing Defaults:

o Quarterly TDS/TCS statements must be filed within due dates of filing statements as prescribed by Rule 31A of the Income Tax Rules, 1962. The due date to file TDS statements for Q4, FY 2013-14 is 15th May, 2014.

Forwarded by S.Ramakrishnan

CIRCULAR No. 1/2014-2015                                                                 01.05.2014

MEETING

 Date                                     : 03.05.14 - Saturday

             Venue                                   : Vidya Mandir Matriculation School

             Time                                     :  6.00 PM

             Subject                                 : Recent GOs and Circulars – General Discussion            

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                                                                                                                         Secretary.

Note:

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Hereafter you will receive meeting notices via email only.

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TURNOVER MORE THAN 2 CRORES? e-PAYMENT COMPULSORY

In G.O (Ms).30 dt 25.03.14, Rule 23 of the TNVAT Rules 2007 has been amended and the dealers , whose taxable turnover exceeds Rupees 2 Crores in the previous year, should compulsorly pay only by means of Electronic Payment (e-Payment).  Visit www.tnvat.gov.in to download the GO.