West Bengal Govt Extends Due Date for filing Audit Report FY 2016-17 [Read Notification]

Composition Scheme - VAT - Tax scan

A recent Notification issued by the West Bengal tax Department has said that Audit Report on Form 88 under the West Bengal Value Added Tax Act, 2003 can be filed until 31st January 2018.

As per the Notification, the audit report in Form 88 together with a copy of the Profit and Loss Account and Balance Sheet for the year ending on the 31st day of March 2017, may be submitted within the 31st day of January 2018.

Section 30E of the West Bengal Value Added Tax Act, 2003 requires certain categories of registered dealers to submit a copy of the Profit & Loss Account and Balance Sheet along with the audit report of a Chartered Accountant or Cost Accountant in Form 88 in respect of a financial year.

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