In exercise of the powers conferred by sub-section (3) of section 8 of the Rajasthan Value Added Tax Act, 2003 (Rajasthan Act No.4 of 2003), the State Government being of the opinion that it is expedient in the public interest so to do, hereby exempts from tax the sale to or purchase by Rajasthan State Road Transport Corporation of High Speed Diesel to the extent to which the rate of tax in respect thereof exceeds 13% on the following conditions; namely :-
1. that the Rajasthan State Road Transport Corporation shall not purchase high speed diesel from out of the State except with the written permission from the Commissioner, Commercial Taxes, Rajasthan, in this behalf;
2. that the Rajasthan State Road Transport Corporation shall submit monthly information of purchases within the State and from out of the Rajasthan State to the Assistant Commissioner/Commercial Taxes Officer, Special Circle, Rajasthan, Jaipur, within Ten days from the close of the month; and
2(a). This notification shall be deemed to have come into force with effect from 01.4.06;
2(b). That the tax collected on such sales to Rajasthan State Road Transport Corporation, if any, shall be paid to the State Government; and
2(c). That the tax already paid on such purchase by Rajasthan State Road Transport Corporation, if any, shall not be refunded.
3. that the officer duly authorized by the Rajasthan State Road Transport Corporation for such purchases on its behalf shall generate a declaration in Form VAT-72 electronically through the official website of the Commercial Taxes Department, in the manner as provided therein and furnish a duly signed copy of Form VAT-72 so generated to the selling dealer.