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THE HIMACHAL PRADESH VALUE ADDED TAX RULES, 2005. - HISTORY
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50. Lumpsum scheme in respect of other dealers.-

(1) Any dealer specified in this rule shall, under section 7 or under sub-section (2) of section 16 and subject to the provisions of rule 45 and this rule, at his option, shall pay the following lumpsum, namely: -

Dealer having annual turnover Lumpsum payable
upto Rs. 8 lakhs Rs.3,600/- per annum
above Rs. 8 lakhs upto Rs.14 lakhs Rs.8,000/- per annum
above Rs.14 lakhs and upto Rs. 20 lakhs Rs.14,000/- per annum
above Rs.20 lakhs and upto Rs. 25 lakhs Rs.20,000/- per annum

(2) The application to pay the lumpsum shall be made on the following form: -

Form of application

To

The Assessing Authority,

__________District ___________.

Subject: Option to pay the lumpsum by way of composition under section 7 and sub-section (2) of section 16 of the Himachal Pradesh Value Added Tax Act, 2005.

Sir,

I ----------------------------(name), aged ------- (Years), son of Shri -------------------------- resident of ------------ (Address), town: -----------------, District: -------------, * proprietor/ partner/ karta/ manager/ director/ authorised signatory of business of making and selling ------ goods exclusively in the name and style of M/s --------------------------------------------------, situated at --------------- (Place), District: --------------- holding TIN/GRN-----------do hereby opt to pay lumpsum by way of composition in lieu of the tax payable under section 7 and sub-section (2) of section 16 the Himachal Pradesh Value Added Tax Act, 2005 and rules framed thereunder.

2. I am doing the business in the following goods:-

Place____________ Signature of the person making the application
Date____________ Status ___________________

ACKNOWLEDGEMENT

Received option from M/s ------------------------------------

(mention complete name and address with TIN/GRN, if any.)

Place____________ Signature of Assessing Authority
Date____________ Name in CAPITALS :
        Designation:

(3) The dealer whose taxable turnover in a year exceeds twenty five lakh rupees, shall pay the tax under the Act at the normal rates specified in section 6 on the component turnover exceeding 25 lakhs rupees. Such dealer shall also inform the Appropriate Assessing Authority about the date on which his taxable turnover exceeds 25 lakhs rupees during the year. The Assessing Authority shall w.e.f. the 1st of April next modify the certificate of registration of such dealer into the certificate of a VAT dealer and there upon he shall seize to be eligible for payment of lumpsum under this chapter.

(4) The dealer shall file a quarterly return in Form VAT-XV-H and make payment of the lumpsum quarterly within fifteen days after the close of the each quarter.