EMITRA TEMPLATES

Monday, October 27, 2014

ITC VERIFICATION FOR FINANCIAL YEAR 2011-12

GOVERNMENT OF RAJASTHAN
COMMERCIAL TAX DEPARTMENT
Notilication
Jaiptir, Dated:
October 21, 2014

In exercise of the powers conferred by sub-section (2) of Section 18 of the Rajasthan Value Added Tax Act, 2003 (Act No. 4 of 2003), 1, Sanjay Maihotra, Commissioner, Commercial Taxes, Rajasthan, Jaipur, hereby, subject to the provisions of the Rajasthan Value Added Tax Act, 2003 and rules made there under including sub section 3 of section 18 of the Act and rule 45A of the Rajasthan Value Added Tax Rules, 2006, notify the following manner for the verification of deposit of tax up to the year 2011-12 for the purpose of allowing the input tax credit, where the demand has been created due to mismatch of input tax credit claimed by a dealer, namely:
i) The assessing authority shall direct the dealer to furnish the details regarding the VAT invoices of such purchases for which mismatch has taken place in the Raj VISTA system, in the format given below, electronically to him.
Format

S NO
NAME Of SELLING DEALER
TIN
INVOICE NO
DATE
PURCHASE VALUE(IN RS)
TAX (IN RS)
TOTAL(In Rs)




















(ii) Where the amount of mismatch of input tax credit in ase of purchase is more than ten thousand rupees and the mismatch amount with respect to any particular selling dealer is more than one thousand rupees in a year, the dealer shall submit self attested copies of original VAT invoices issued to the purchasing dealer.
(iii) Where the total amount of mismatch of input tax credit in case of purchase in a year is up to rupees ten thousand, the Assessing Authority may allow input tax credit for the amount mentioned in the above format against a selling dealer, after verifying that the selling dealer has submitted the return for the relevant period and the amount of output tax shown in the return of the selling dealer is not less than the amount of input tax claimed by’ the purchasing dealer from him.
(iv) Where the total amount of mismatch of input tax credit in case of purchase in a year is more than rupees ten thousand and up to rupees one lac. the

Assessing Authority may allow input tax credit for the amount mentioned in the above format against a selling dealer, after ascertaining that the copies of VAT invoices submitted by the dealer match with the details provided in the above format and the fact that the selling dealer has submitted the return for the relevant period and the amount of output tax shown in the return of the selling dealer is not less than the amount of input tax claimed by the purchasing dealer from hint
(v) Where the total amount of mismatch of
input tax credit in case of purchase for a year is more than rupees one lac, the assessing authority of the purchasing dealer, shall verify it from the VAT 08A of the selling dealer and in case it is not verificd from the VAT 08A of the selling dealer, he shall get verified the details of purchases from the assessing authorities of the selling dealer(s), for each selling dealer. in respect of whom the mismatch of input tax credit is more than rupees one thousand provided the selling dealer has submitted the return for the relevant period. The assessing authority of the selling dealer shall verify the sales either from the record available with him, or through the books of accounts of selling dealer. The assessing authority may issue notice to the selling dealer to submit the copy of ledger I cash book / journal / sales register for such verification. The Assessing Authorities shall inandatorily use the Task Assignment Module of Raj VISTA for this purpose. Even if physical correspondence has already been initiated for verification for demand pertaining to the above mentioned period, entry shall be made in the Task Assignment module of Raj VISTA. The Assessing Authority may allow input tax credit to the extent verified by the assessing authority of the selling dealer.
Notwithstanding the above, where any notice has been issued or an enquiry has already been initiated regarding the genuineness of the claim for input tax, the Assessing Authorities may in addition to the above, make further enquiry as he may deem necessary and allow input tax to the extent verified.
Similarly, where there are reasons for the Assessing Authority to believe that detailed enquiry is necessary for allowing claim for input tax, notwithstanding the above, he may do so with the prior permission of the Commissioner.

[No. F.1 6(1 OO)Tax/CCT/14- 15/ 277
j
(Sanjay J(4alhotra)
Commissioner
Commercial Taxes,
Rajasthan, Jaipur


Remmission Of Vat On Textile Shirting

GOVERNMENT OF RAJASTHAN
FINANCE DEPARTMENT
(TAX Dl VISION)
NOTIFICATION                             
Jaipur, October 22, 2014

In exercise of the powers conferred by sub-section
(5) of section 4 of the Rajasthan Value Added Tax Act. 2003 (Act No. 4 of 2003), the State Government being of the opinion that it is expedient in the public interest so to do. hereby makes the following amendment, with effect from 14.07.2014, in Schedule IV appended to the said Act, namely:AMENDMENT In Schedule IV appended to the said Act, the existing serial number 205 and entries thereto. shall be deleted.

[F.12(80)FDITaxJ2O 14-1331
By Order of the Governor,
(Aditya
Pareek)
Joint Secretary to the Government


Follow by Email