25. Quarterly returns to be furnished. -

(1) Every dealer registered under the Act shall furnish quarterly return in Form VAT-4 to the appropriate assessing authority concerned for the quarter ending June 30^th by 31^st July, for the quarter ending 30^th September by 31^st October, for the quarter ending 31^st December by 31^st January, and for the quarter ending 31^st March by 30^th April, failing which a notice in Form VAT-29 shall be served.

(2) Monthly returns.- Notwithstanding the provisions under sub-rule (1), the appropriate assessing authority may, for reasons to be rendered in writing, fix a monthly 'return period' for a registered dealer. The monthly return shall be furnished to it by the thirtieth day of the month following. The dealer filing the return shall himself assess the tax payable on the taxable turnover of sales or purchases for each return period.