VAT Return Filing Services

Periodic VAT Return Preparation, Reconciliation, and Representation for Dealers in Liquor and Petroleum Products

For businesses still registered under state VAT Acts - dealers in liquor and the petroleum products kept outside GST - the obligation to file periodic VAT returns hasn't gone anywhere. The frequency, forms, and reporting requirements are set independently by each state, since VAT for these goods remains a state subject rather than a GST Council matter.

Because VAT returns are entirely separate from GST returns, they need their own reconciliation, their own filing calendar, and often their own audit, on top of whatever GST compliance a business already manages for the rest of its operations. Our VAT return filing services keep this parallel track accurate and on schedule.

Our VAT Return Filing Services

Periodic VAT Return Preparation & Filing

Preparation and filing of monthly, quarterly, or annual VAT returns as prescribed under the applicable state VAT Act.

Reconciliation With Sales & Purchase Registers

Reconciliation of VAT return figures with underlying sales and purchase registers to ensure accuracy before filing.

VAT Audit Report Filing

Coordination of the VAT audit and filing of the audit report where a state VAT Act requires one above a prescribed turnover threshold.

Rectification & Revision of Returns

Filing of rectified or revised VAT returns where discrepancies are identified after the original return has been submitted.

Assessment & Audit Representation

Representation before state VAT authorities during return-related scrutiny, assessment, or audit proceedings.

Late Fee & Interest Computation

Computation of late fee and interest exposure on delayed VAT payments or return filings, and advisory on regularising the position.

Key Facts About VAT Return Filing

VAT return filing continues to apply to dealers registered under state VAT Acts for goods kept outside GST - liquor and the specified petroleum products
The periodicity of VAT returns - monthly, quarterly, or annual - and the prescribed forms differ from state to state, since VAT on these goods remains a state subject
VAT returns typically require reporting of sales, purchases, opening and closing stock, tax collected, input tax credit (where allowed under the state VAT Act), and tax payable
Some states require a VAT audit report from a Chartered Accountant where turnover exceeds a prescribed limit, similar in spirit to a tax audit under the Income Tax Act
Late filing of VAT returns attracts late fees and interest under the respective state VAT Act, and repeated non-filing can lead to a best-judgment assessment
Since VAT and GST are entirely separate systems, a dealer must file VAT returns independently of, and in addition to, any GST returns filed for the rest of the business

Frequently Asked Questions

How often must VAT returns be filed?

The filing frequency - monthly, quarterly, or annual - is prescribed independently by each state VAT Act and can depend on the dealer's turnover or the specific category of goods (liquor or petroleum products) involved.

What details are reported in a VAT return?

A typical VAT return reports total sales and purchases for the period, opening and closing stock, tax collected on sales, input tax credit claimed (where the state VAT Act allows it for these goods), and the net tax payable or refundable.

Is a separate VAT audit required in addition to the return?

In several states, dealers whose turnover of VAT-covered goods exceeds a prescribed threshold are required to get their accounts audited under the VAT Act and file a separate audit report, in addition to the periodic return.

What happens if a VAT return is filed late?

Late filing attracts late fees and interest as prescribed under the applicable state VAT Act. Persistent non-filing can result in the VAT authority raising a best-judgment assessment based on available information, along with penalty.

Are VAT returns filed on the GST portal?

No. VAT returns for liquor and petroleum products are filed on the respective state's own VAT portal or system, entirely separate from the GST portal used for GST returns. A dealer registered for both must manage two distinct filing systems.

Never Miss a VAT Filing Deadline

Accurate, reconciled VAT return filing for dealers in liquor and petroleum products, across every state you operate in.