WhA~<J 0ct.Mn 1~.
l'''''lPlo p~on I'as use<:! (h" ynods purchaS;;ld par.iilll~ rr,r 1a~able S<llcs and maifltilin..u oommod it~'"will<l ~'ct<Ount of hi. purchases ~nd I;s use in produ~ andl,),,- sales,. corel"tes suer JXlroh"~..s wit~ ~ale" of taX3ble !]OtXf£, lhe inpvt toll( ere:! t t,,~ the laX period or retllr1 perio<:l, Rh",11 Ilc <:In amo~'mt of VI\T PHiL! or paYf'lJt<l L'1l s',lch p"rchdso;,,; as rod\lced by the reve:sE'l input tax' credit, ir any; , Pmvitled lnat in "'~r>r.et r>f good,; specified in sLhsection (2) and (3) of gaeli"n 13 at tfle A;;t,.in<lut ~~ credit'st'lall be avlli'.lid Dilly to the.::x!<lnt by'''hich tN amount of f<j. ~id ill lhe Uni[J(J Terrtt.:: ry of Chanc'igl>rf1 e~ceed:; four percent, "mJ ltlc amollnt :f\i(;ul.rtcd abovE':! stlell be red u~,j lrf <l sum calc~jatecl. in ar.cordaoce w~h the followir>g ..
formtllo, ,)amely ;- ' ~ 1011
Explanation :- '!Y' Is purcAa!ie prtce ~rJuding the blx amount rep..",~etlling the' surl'l ill respect QI tflc gooc!s, which are disposed of in 11 rTl~nner .refflr't'oo HI ill SlIb-soct101l {2) >ll1d (3) of ~Iioo 13, 24, 'nput tax credit Wh8r& Identificafion of goods i:. ..at ~ou!b'e.- Seci>:Jr. 14.
(1) Where a Ta>cable pan:oo has IJI';EI(J tile goods purct1('fSel! partially for Wl\i;lble sales.
but is unabte to maintain accoonb~ pl'O\'idEld in rule,23, and th~ s~les by him, Inclucles sale of lax free, 9000" ilm,! 1i:lxable goOds or onnsignment (If blCloch trllnsfurs, !I'le~ it shall 00 prastJmcd lf1at the goods so P\oIr<:hased cll,lring tOO tl'lX pArlod. have beefl us~ In P'fCflllM1<Nl oft~ of sOlIGS of tI;IK :r<lC gaoods, ~Ie goods' and cOll5igrim<lrn ut branch transfars of the I!IX lleriod <Ir retum period ami ~:II::cordjngl\' inpul tax credit shall bot dalme~ ifl.hat proportiOll, Inpull,))( credi~ shalt be apportJoned f{)or 1a~-rIllEl "nclla~ahla sal~s as foti{:l,\oij, name.y :. ' , IT ~ T GT+BT E.~ftatlon ;- "IT" is the tot~j ~;'l'Iount of i~plJl tax fOI thE!' pc;;oc' If's~ reV"I."
tElx ; "r is the !otlJ1 !.Urno~r n1 ~alc$ of ~=bla rIOOct~ marie in lhe w .,erlud Dr retum period inchJding zp,ro r",leu sales, nler st:rte.s~1as '-'100 1I<>h~ "r !J1'arlCfloonsignmcnt1rF.n~!lut ei<cl.dnn ~l~ tax ro>ol.Trl ' "GT' is fhe gres:!; ~UmOl/i>T <.If sales (inch.J{)ing jntar-l>tmc sales) during the IDl( ,,,,rind or m!Um perillo bUt exGtuoing ttle lei, !HTIULJllt 'Fly" is itlB Pillal Vi!l1:Je ¢ OL'tlslgnrnelTl Uf' tli<IrCl lranster.l (]f Ilwlb.e goods in _he , courSti 'ct Inter·slat'" trade or commerce rnllr... in the tax. llE'lriOOrr>llum period .
.--' f i:
I.
.'
630 :-;or:1lon 13.
88"liono 1J Bnd H.
S.a1Iar 1~.
CHD. ADM:"{ G.AZ. {EXTRA..), MAY~6, ~006 UYSl' 5, 19"28 $AK.,\)
(2) Lri the even! of input tEl)( credit l\avln!! ~frnady been avaliBd on~ch caplful goodS, the lrIPut @; credit .....OOJld be reVersed lo thc ClCtcnt, It has ~e"n LJsBd in I'\lSpect of .'
m,..,lJfAr.lUM of tr<: free goods or for p1'\lDl<ssin~ oj S~I'I. 9.0nd$. if....... 1ll~1I~ of "uc;h. . .
re"",roal, th~~ is ,l n~iJll"'A Input Ulx [;('8oil bll!<lnO<j ftlf e Pi\rtiool"r pp,.io1, lhe ,-e~on l:ollCernelj ~h1jlr pay 6!.ICh lax forthwittJ, a~ if the same was pa\'ilbl~ i" !he ~aid peood.
2D. EligIbility of Input tax cnldIl on Job wcrk,-l nput l:<l/ Cl'l;ldil otiolY be ;l1k:lW<l~, iF .e.ny~hl" OtJOd~ ;.s SUQh !lot l1lI:",r b<;ling PaJ~<l(l~i prt)nf"l.!led, (l"l 6enl b:l' a. rnemulll::turer, registered Ll1ldef'the Act to II jolJ lMJrker tor ftJr1her processing, teslfn(l, repair, recOIldi1OOirlj or:myother pupose, and iUs estatJIished from me cI1allallOf ~nrOOCume~~ pnllJucoo by the Ulxabl", pomon conccmoo thFll !he ·goods In qlJ.".~[)" h;Ml bEen ~I;AWad bock by him wilhin S p",rio-;J of nir>ety dHYQ rmm ltlA ;J1ilp. of dis[X'llcl1 to !he .'cb work~r ..
21. jnildmi~~i bitity of inPllt tax eMil In cenaln cas.es-(1) r.Jo in p~t tax:
credit sIlall be admiss ilJl.e to (l jJe[$Qn for ta;w. paid 011 pLEhase of yaws, Ihocll gooo:.ls arc losl or destroyed Dr damaged beyond rcp<llr oocause or atl}' lhell, ......, or ~dlJn'a1 c:a£al'n ily.
(2) I""",t tR~ I;re<;iih""illil\l on thP. 000<;1,<" 'Joflk:h are 1051, '~d' or r1arnaoed tJeyond rep:3ir,. ~'hall be reYereed immediately on occurience of s~ch even~
(3). No irlpLJl tal( crodlt shall 00 admisslblQ to a p9rsOr'l ir1 I'<1spect·of such. .
I>urdl"se.; fur w!liGh he ~()~9PLs'lrot""1 the ,;&Il'tq pRffi;>n .. ';1n ir,\f{}i~ "'hich---:
(al h~~ not I)een duly obtai r1cd from a taxab Ie .pe !'Son. Olga insl th e bofltl fide transaction ;
(h)' dCaI; no( contain all 11'18 required inr<,>rm<rtirnl ;II; ~llflCi~Ad ir. rule 54 ;
and (c} h~~ b~:"I iss.ued b'\I a »el'Son, wilo.e corttflcate "f regi5traUoo has been canrolled tlndocr the provisions of tho Act.
.
(4} 'NMra 80rfHl goods as. input 01 oJ u!put. C:II'G Iy1l1g ,n th.. slock ~f a taxabJe ;'erGon end wre"" I;...t:h 900<J,; !J(!r.olYKi tsJ<~fr~ from 1J8rW:ulilr dOll"" th"n fr~rn llla1 detE., no input tllX credil ~hall be adrni3Sible to the re>llble ~Oll on 'he sale crt g~ods Eyir.\l in. . .
the ~tock· or on USiflg Itll,! (JOOqS as input for msllir.<J ~ucf1 !ax·free goods.. . .
. (5) No jn~t !<Ix etoo it shall be !ldml~1 ble on gooos purch~sec1 J'j a person {juri"", the perlod, the op<mJ for rum o.'er T<I.)( (TOT) under socUorr 6 oJf the Act.
(6) wh..", inflllll<lJ< r.redit hH. "'"""dy bRlOn """ilE1d Qf by" "'.....ble P'lrson a~alnGl t~~ plJr<;h~~':' of gooo~, "l petit of whic;h is. "ith"r ('~erl in m!lrll1f~Glurjng the gO"j".
spe~ified in Schedule 'A' cr dispo:;~ of otherll'is!dhan by w.ay of sllle, tt>e inplfl tl'J( "reo it so ::wailed f(}r SlJCt' ~art cf gexxls wJII be deducted from input t.1:( credit for 1he reievarot, .
periOO d lJSO or dlspcsar rllfert9d to alxtve. If, as a I'Gsul~ of Suell dOOeictioo, thO)rc is a n!Jgalfve input t<l" ci"edil b<J1<:lr",,, tor a 'p~rtlcular PQflod, tho person CDr;OOiTI8d Shall~ s.ud! tax rorttlwlth. QS ~ Ih'Q s.;,mc·'I\\;ls payaultl ;:1 lha sa·d peril::..:J.
22. Cak:tJlation of input tzI.~ cnIldrL-SubJect to tM pro....i. iun' cf ",I". 2J and 24, () t=blc Pfl[Sull 811,,11 be a"tlUGd for inlll1t lilx crcd ~ ~, ,,!'Julu of 1m!' .8~ount 01 tax ~-- , .
632 , CHD, ADrvn-; GA2. (EXTRA,), ,\1AY 26. 200'i tJYSf 5. 192~ SAKAI
(2) . In rB5pect 01 the .gouds, speL;.ifi",cl in sIH'-l'eC'liI:lDS t2} ifnd (3) ot s",clioo 13 of t'1e Act, input ~~ st.:lll 1Je considered on'Y tD the extenl by ....hlCh the atnovnt Qf tax pa it! in t~' UnlO/\ Territo!)' 01 Ch<lndig"..,. excL>lld" klur per cet}t and .....hll'" il pers.otl mllkes branch lri\l1Sfllf's, the abov~ amoun' 01 ;nplJt teJ, nedit ;;1l",11 0" turther rot.fu~ed by a ~~m <::alc,[Jlalcd in accoftaflce with the fdlowlll9 fmmul;;J. l1flmcli' :- IF' " tfr " ...
(Gl. + An x 1m . Expl"fI'!ll,'cn :- .,'P'. 19 Ihe p.J(dlilSe pl',c>lof the gooj~ exclUlJirq the Inx ~mDunl in reapect or whic" ITe i" cx;n~kJcr..d abov".
·OT' is tr.-e g:o>;" lumow,r of S<li"" (jncludlr;y ;nter-s1cJte sales) :luring lh" lax .pltriod or ",tum Pl3rio~ ool excll.lding lh" tax 8rvlOlJnl.
''S'\'' is .the> Lotel vfllw of <::ot>;ignment or b'~J1ctl !rHrislt?rs of ~x:)!)Jc gooo::; ill the cours", of Inter-~talc V,,:le 0.' ,XulIml;ln;>e mad!:! in the fF.lx peru! or rclum period.
.-
25. Input tSl( creait Qn &t"",k; hQltI on trill apPQtnted d;ty,- ,~i} SllbJc:c1 10 the provISj:>.~s of sub·~ecUDJl (3) 01 SP.J;tiotl 14, the inpu I l.;lx cnxfll un gOOd>!, othO( .h~n tt>e caMaf goods, held In stock Ily .. t8X<lbl" r>e(1lon, legi~erod ur1(\er ttlc, repe~l~d Act <Jfl the ap/lointol1 day. shail be c:rv,,:lal:llc SlJLJject to the fr>IIOW1'ng ~;(lndilkin~, IlJm",y ;- (<l) tho p"1'30l1 claiming tl,.. input ta:< ,:redn is registered .under th", Act <:J~ ~ tax:able ~E;ll"l<ln :
(h) !>uch pe~ has subrn itloo s18lernei1l or .uch goods 'i.Yth in II. period r>f fhirty d<:lyg from !hP. aplXlj" "'0 day. in socn fClm" as rooy bl; oolitie<1 ;
(el toe taxnble p9[1;on, sh'lII retain doc"mertts rElating to ttle <::farm of the input !$I( <::rcd!t for II perj()(\ of six y<ffirs· from the appointed day and shall provlde "ucl1 docurnerlli! ID lhe> Commissil:lnsr .,; ftle D"~kllHltoo Offk"r fDr audit, as a<ld wnert requrred, . {2;' Onty' UU)-l'le gOOds on which tax was Jl"lid unt.lar suooSl3Clions (1-AJ .;In(/ (3} of .€!<::llon !> r>f tho "lpeaJod Act, p.-iur to 1tle appointed day and am In"llbtll und'ertne Act, shFlII 00 eligible for inpliL f~. i;roOjl.
. (3) Tht:; ;np,;! tal< ~it. shtoll De Cl'IICUF8te(f as fell lows :- (") In respect o~ ttie [lCUds whicr. were slJbj..G\ed to Lflx at the hrEt s[a<J':'
"nde' 'me 'rep~!eJ Act 1l!1<! ltle rex has b!len ch"'Oed s"p~raMy on the bill.. 11'18 input lax credit shalf be the ''IT]oUIlI L,r Sl'r::~ t~)( or tht: f{J" which ~fmlJld hav.. been p<J~-aPre at 11", r~te. aprlir::.1blc nn th':" d"y, nrncooi')g the <lppoimed d"y or ft1~ r~le "ftax "Jnder!ho A(,.1, whicha\'er i9 the :owe3t : "'lid
(b) in re~J.lE;Ct :)f In.. goOO!; w1l.ict> were suh;ect<ld to t..-.x ~ t the I;ISI "t>loc unClar the ro~..le:1 Act. "nd the tc:x h"" nel bam charged Sl3pa~, the Inp<Jt rex st,,,11 be eal(;J,JI"t~ by 11>9 f()lIo~'\n9 'or'nlJta. nar.18ly ;_.
l4 P ~ R 100 ... R EXpJ81llltkJrj :- 'i"" is the; p"n::h,,~e priro of elig;llltl g.oorls Mid in $b:J",~ .-- ..
CHD, AD!'.N GAl,. (D.:lRA,I. MAY ,~6, 20(1(, lJYST S,l'ng $AKA) 633 "R" is ~he rate of tax 01 goods pre'Jailing or> the da,'. 1''''<'''.Oi'1g (hI> "Pi'"int..<l d;iy. 'If !he rats ot IFlJ( applicable on thl> 'dElV (Jr its p~ ret"""", ~ilder ttle ropcCllod Act or 1M r"1,,, of klx. v~dl'r ttle Act. '..toioh~t'r i~ 1In, loW(lSC
(4) The dosigrlatccl officer sha II ~erlfy the daim for IhB inpol ,"x "red ~ wjlhin ~ ~,iDd of si~ty dClyG (mm the d.ale of ftllni< thc st2teroonl of klx paid 00008 hF,M in $tock en ,,~ tQ d",lE;!nmifl(> the <,rnalmt ot ,:nput tax Cl'<ldll al,!lilablo to ttle taxab,e pe~ot:l. Soch credit ~ h"ll~, Ihl'n the llvafl€<:l of r.)I1::;p<JrtiDn"t..~ <Mlf il pl?f1or:1 of one ye"r, COil! ,ncr.:;ing .flcr !he expiry of lh roo mont"Js from the a~,8oir>te(5 day.
(5) W t,,,'" th" LolXiolbl" peJroan ;n <J tt1x period or re:um period !las Iwde 8ny 0:: n5 ionrn",nt '" braJ'lCh tran~f€T of !lWeis, ita: inpLd tax credit, ~I);JJI be rodu,~oo 'b';' the f·)IJClWing formula, namely: -, ST- BT~ N >: (GT I BT). fro El'pli'I1<ltion :~ <;iT ;,; th.. 'Jalt.." :JI stock ,)1' good~ in re5pec: of which too 'TC i~ C~ Ir.LJIRI<>d in 5l;l)-r~" ~3} of lhi~ rul!>, "6r is' the rotal ,'<,I Je of <:ion" i9'nmFlrrt or ~.""ch tr.lr'lSfors oi 1m<ablo good;; in thG course of il",tef-stare trllde 01: C«Tl'''ler\;C- m!ld.e in lhtl !"" p"ri(Jd or relu til ~criu<J.
'CT" Is th~ [lross tumovcr of sales '(illcJud:ng ;n!Elr-~ta!a sales) (Jori"L' the i.;I~ p<lriod Or rotu~[) poMod but <lxcllJ<:llng the tax amount ' "N" i~ lho;! nIOrnb"r crt' til~, period Dr .... llJrri period fafllng wi:hir> .:l period of rwel~e monttJs commenting lltb:!r 1he e~piry of If",,;,", m"~1hs ftorn tho apjloint~ day.
2&. Jilput 'tax cr"dll on dupfJ~1c:i iiJVQi~.--{1) In r."~", tM tJliyinal VAl in.",!i"" Sodon 13.
h~. b..en loSI, ~<lsttoy<l(j or tr,...~l<JlIld, a \il>lable pers9n, ~hall rn8ko;!' lin -llllplioation 10 the deBigne:ted affjc<;or 'n rarl'n VAT-T a~119wjlh ;l dupli~lc OOIlY of VAT in'v.oce, issued by lh€ 503l1er llml an i'1rJl;imnitY borod in Fnrm VA,-8 lor !he llmourJt, equal 10 lhe amount of inpLrt tax claimed wtder such inYOi~,
(2) On ra::eipt of siJci1 appJi~lio[l, lhe designated officer shall cross-d)eck . :he- transaclion arxl <lfter satisf}oinO about 1Il(> [JefluinBJ1~S of U1c Ira ~sal;l1on. shall alioll' '~e claim by an [)11JC,r to be passed wittlinll ~.p.riod of ~i;dy d,'v,; fccmthOl rectlijl( pF soch application.
IS) The laX2b1e person shall3V<lil tile in,:llll:all oredit only Eltttlr tta te::9ipl of ..
lhe ordar rn~nt",necl ,n "u,Hula (2), ...'.
27. N4lt tal p"y"bl~,-(1j Allsr <N>lr3rmlnatiOll of outplJ! ic'lx iiF.bilily and input tR. r.rfldit; the ffiJ<lllJle pel5[]1'1 ShH II deltc'mlin.. hfs net tax liability; if a~y, for tn~ t",. p~ri<:ld or rclum period in' aro::u'dar>Ge .....~h {"", pf'(JviI;i""" ur Section 16 of the .~t, .' (2}. A registered p:erscfl ShOlll <:1"t"rmiro; his !aX liabHity for too tID: pericx1 or retu rn period in ~ccoi'd~ noe v.ith the pruvi~ inn5 ohec1>::m 1_2 of thD Act.
<'\ Sedions .12 .nd '~, v . CHAPT~R·IV M:RSO~S EN GAG E0 IN CASUALTRAD~ .28,' ApjJrrc:atlon for arllllt of llerml",,,.ic'1.--'{1) Beto'"'l :riG' tammorrc""j>:J11t CJf Se.ct"'n 31.
C<3su<l1 buslnGSs, tho ~aLJs~1 trador or 11i5 dl.lty ElL.thoriz!>d agent, snail apply to ihe . dosignated (][ficci for pCm1jssio~. ill Form VAT-9, .IOr'lg......lth.<J ~o~sury fcceipt In Form VAT-2, with ~ fee of nup;Kl~ fi''''' tlU'1dl'<lcl. .
~.
, .
634' CHD. ADMN GAZ. (EXTRA.), MAY 26, 2006 (JYST 5, 1928 SAKA) "" ,Section 31.
Section 31.
Section 31.
(2) The casual trader alongwith his application, shall fUfTIish to the designated officer, the sale bill book(s), account books and the list of commodities to be sold.
(3) The causal trader may withdraw his application any time before the date , of commencement of his causar business.