Yes, you read it right!!!!!!!!!!
Rule 66 of MVAT Rules which provides due date of submitting Audit report under S.61 of MVAT Act has been amended vide Notification -1512/CR-61/Taxation-1/dated 01/06/2012.
Rule 66 provides following:
The report of the audit under section 61 shall be submitted within ten months of the end of the year to which the report relates.
However the said rule has been amended to substitute "ten months" to "eight months"
Further the period of retention of books of accounts has been increased from six years to eight years to the year to which they relates.
Note: Only few of several amendments are reflected above:
For full notification click the following link:
Notification- 1512/CR-61/Taxation-1 dated 01/06/2012
Rule 66 of MVAT Rules which provides due date of submitting Audit report under S.61 of MVAT Act has been amended vide Notification -1512/CR-61/Taxation-1/dated 01/06/2012.
Rule 66 provides following:
The report of the audit under section 61 shall be submitted within ten months of the end of the year to which the report relates.
However the said rule has been amended to substitute "ten months" to "eight months"
Further the period of retention of books of accounts has been increased from six years to eight years to the year to which they relates.
Note: Only few of several amendments are reflected above:
For full notification click the following link:
Notification- 1512/CR-61/Taxation-1 dated 01/06/2012
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