(1) The tax period for every registered dealer shall be a quarter.

(2) Every registered dealer other than a casual trader shall submit a quarterly return (Form VAT-11 by a VAT dealer or a voluntary registration dealer and Form VAT-12 by a dealer liable to turnover tax) containing particulars of sales and purchases accompanied by proof of full payment of any tax due, to the Jurisdictional Assessing Authority within one month from the expiry of each tax period the dealer opting for composition scheme shall file' a return In Form VAT- 12 B.

Provided that where due to extraordinary circumstances, the dealers are prevented from filing their returns on due date, the Government may extend the date of filing of returns by a period which shall not exceed six months.

(2A) In respect of the dealers whose turnover exceeded Rs 60 lac in the previous financial year and in respect of the dealers claiming remission under section 79-A of the Act, each return in Form VAT-11 shall be accompanied by the following:

a) Statement of local sales in Form V AT-11G.

b) Statement of local purchases in Form VAT-11H.

c) Statement of interstate sales and purchases in FormVAT-11I.

d) Statement of Transit and Transfer in Form VAT-11J.

e) Annexure I and Annexure II in respect of dealers claiming tax remission.

(3) Every dealer other than a casual trader liable to pay tax under the Act shall also furnish an annual return. Such return shall be filed in Form VAT 11-A by a VAT dealer or a voluntary registration dealer, and in Form VAT-12-A by a Turnover tax dealer within 120 days from the expiry of that year. A trading account shall accompany every such return. However in respect of a VAT dealer, a list as prescribed under sub-rule(7) of Rule 63 shall also be furnished along with.

Provided that a dealer who under Section 60 of the Jammu and Kashmir Value Added Tax Act, 2005 has to get his accounts audited shall file annual return within 214 days from the end of the audited year.

Provided further that each return in Form 11-A shall be accompanied by the following:

a) Balance sheet in Form VAT-11B.

b) Manufacturing and Profit and Loss Account in Form VAT-11C (in case of a dealer running an industrial unit).

c) Trading and Profit and Loss Account in Form VAT-11D.

d) Stock Statement in Form VAT-11E,

e) Invoice details in Form VAT-11F.

(4) Every Department of the Government, statutory or local authority which is deemed to be a dealer for the purposes of the Act shall submit a quarterly return as prescribed in sub-rule (1) to the Jurisdictional Assessing Authority;

(5) The tax depicted in the return shall be due on the last day of the month at the end of the relevant tax period and shall be paid within one month from the expiry of that period;

(6) As long as any dealer remains registered he shall submit such quarterly return whether or not any tax is due for any tax period;

(7) Every dealer shall file two copies of the prescribed return form one of which shall be returned to the dealer duly signed, dated and stamped in the blank space provided for the purpose on the left hand corner of the Return Forms, as acknowledgement of receipt of the said Return Form. The other copy meant for departmental use shall also similarly be signed, dated and stamped in the blank space provided for acknowledgement.

(8) The Government may notify any Bank as responsible for receipt of payment of tax or any other amount due under the Act, subject to such conditions as may be specified.

(9) Notwithstanding anything contained in this rule, any dealer or class of dealers as may be specified by the Commissioner by a notification, shall file the returns electronically alongwith the proof of payment electronically and the prescribed forms and statements within the period prescribed in this rule.