Ratlam : Traders here have opposed the introduction of new rules pertaining to filing of the new return form under the Commercial tax of Madhya Pradesh. Wholesale Traders Association President Manoj Jhalani said that instead of simplification; the new form is not only lengthy but requires giving detailed information about every bill.
The Commercial Tax department not only introduced the new return form which is effective from the financial year 2014-15 but it will have to be filed electronically irrespective of the turnover. Earlier the e-filing was mandatory in the case of turnover exceeding Rs 1 crore but now every trader will have to file electronically its return and that is also with providing complete details of the bills. Traders said that they were expecting simplification but instead the process has become complicated. Earlier traders were to give the figures of the purchase and sales and details of turnover was required in the case of amount exceeded Rs 40 thousand. Now this limit is removed and in case of every turnover irrespective of figure, details will have to be given. Kar Salahkar Parishad in a letter to the State Financial Minister Jayant Malaiyaa said that in Madhya Pradesh it is not possible that every trader or dealer has got the facility of computer and knew the procedure of filing. IN the case of C form and Form No.49 traders were already facing difficulties. The new return form which has come into effect from the financial year 2014-15 detailed information required are not possible to be given. Trader is already overburdened due to business related works and compilation of other laws. The requirement of giving detailed information about the each and every bill involves lot of complications.