40. Annual statement.-

(1) In addition to the returns prescribed under sub-rules (1) and (2) of rule 36, every taxable person and registered person, shall file an annual statement in Form VAT - 20 or Form VAT - 21, as the case may be, by giving therein the final liability of tax for the year by the 20^th day of November in case of a taxable person and by the 20^th day of August in case of a registered person. This statement shall be accompanied by the receipt ,evidencing the payment of tax less paid, if any, together with due interest thereon, and the details of the goods in stock existing on the 31^st day of March of the year to which the statement relates.

(2) Every taxable person shall also furnish alongwith the annual statement, a copy of the Trading account, Profit and Loss account and Balance Sheet as on the 31^st day of March of that year alongwith statutory declaration in Form D and other relevant Forms under Central Sales Tax Act 1956.

(3) Every taxable person, having gross turnover below Rupees Fifty Lac, shall furnish, alongwith the annual statement in form VAT-20, a statement in Form VAT-20-A.