DELHI VAT - CHAPTER V - RETURNS
DELHI VAT - CHAPTER V - RETURNS
26.Periodical payment of tax and furnishing of returns.-
(1) Every registered dealer who is liable to pay tax under this Act shall furnish to the Commissioner such returns for each tax period and by such dates as may be prescribed and in the prescribed form.
27. Power to require other returns.-
(1) In addition to the returns specified in section 26 of this Act, the Commissioner may require any person, whether a registered dealer or not, to furnish (whether on that person’s own behalf or as an agent or trustee) him with such other returns in the prescribed form as and when the Commissioner requires.
28. Correction of deficiencies.-
(1) If, within four years of the making of an assessment, any person discovers a mistake or error in any return furnished by him under this Act, and he has as a result of the mistake or error paid less tax than was due under this Act, he shall, within one month after the discovery, furnish a revised return and pay the tax owed and interest thereon.
(2) If, within four years of the making of an assessment, any person discovers a mistake or error in any return furnished by him under this Act, and he has as a result of the mistake or error paid more tax than was due under this Act, he may lodge an objection against the assessment in the manner and subject to the conditions stipulated in section 74 of this Act.
29. Signing returns.-
(1) Every return under this Chapter shall be signed and verified -
(a)in the case of an individual, by the individual himself, and where the individual is absent from India, either by the individual or by some person duly authorised by him in this behalf and where the individual is mentally incapacitated from attending to his affairs, by his guardian or by any other person competent to act on his behalf;
(b) in the case of a Hindu Undivided Family, by a Karta and where the Karta is absent from India or is mentally incapacitated from attending to his affairs, by any other adult member of such family;
©in the case of a company or local authority, by the principal officer thereof;
(d)in the case of a firm, by any partner thereof, not being a minor;
(e)in the case of any other association, by any member of the association or persons;
(f)in the case of a trust, by the trustee or any trustee; and
(g)in the case of any other person, by some person competent to act on his behalf.
Explanation 1.- For the purposes of this section the expression “principal officer” shall have the meaning assigned to it under sub-section (35) of section 2 of the Income Tax Act, 1961 (43 of 1961).
Explanation 2.- For the purposes of this Act, any return signed by a person who is not authorized under this section shall be treated as if no return has been furnished.