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THE RAJASTHAN VALUE ADDED TAX ACT, 2003
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Body CIRCULAR No. 4 F.16 (95)Tax/CCT/14-15/2428 Dated 8th August, 2014.

All registered dealers,

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Sub:- Waiver of Interest.

1. With a view to provide relief to the dealers, the State Government has issued notification No. F.12(59)FD/Tax/2014-25 dated 14.07.2014 for waiver of interest in the following situations.

a. if demand is outstanding on account of non-furnishing of declaration forms pertaining to years up to 2009-10, or

b. if demand is outstanding on account of delay in payment of purchase tax on marble.

2. Interest payable for above situations has been waived by the State Government if such dealer deposits full amount of outstanding demand other than the interest levied on account of non-furnishing of declaration forms or non payment of purchase tax on marble, as the case may be, up to 3 1.10.2014.

3. After depositing the amount as mentioned in para 2 above, the dealer shall submit an application for each year separately in Form AS-1 appended to the notification issued in this regard, along with the details of deposit, to the assessing authority in this behalf.

4. The assessing authority or the officer authorized shall on receipt of the application, reduce the demand from the demand and collection register after verifying the facts of AS-1 submitted.

5. It is clarified that if any amount of interest has already been deposited, it shall not be refunded.

6. there fore, the dealers are requested to avail benefit of the notification.

(Sanjay Malhotra)

Commissioner,

Commercial Taxes Department,

Rajasthan, Jaipur.