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THE RAJASTHAN VALUE ADDED TAX ACT, 2003 Notifications - HISTORY
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Body NOTIFICATION No.F16(100)Tax//CCT/14-15/746 Dated 20th June, 2017

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). subject to the provisions of the Rajasthan Value Added Tax Act, 2003 and rules made thereunder, and in supersession of the notification No. F.16 (100) Tax / CCT / 14-15 / 2787 dated 21.10.2014. 1. Alok Gupta. Commissioner. Commercial Taxes. Rajasthan. Jaipur, hereby, notify the following manner for the verification of deposit of tax for the purpose of allowing the input lax credit for the mismatch pertaining to assessment years upto 2017-18, where such mismatch has arisen for want of verification of input tax credit claimed by a dealer, and such mismatch of ITC is more than Rs. 25000/- in one financial year and the mismatch is related to the years 2011-12 onwards, in the following manner:-

1. For verification of deposit of tax for allowing the Input Tax Credit, the dealer shall submit an application in Form ITCV-D (as annexed herewith), separately for each year quarter wise, electronically through the official website of the Department in the manner as provided therein upto 31.12.2020 and in cases of invoices having tax amount more than rupees ten thousand, shall submit the acknowledgement thereof along with the undertaking mentioned therein and copies of relevant invoices, within fifteen days of submitting the application, to his assessing authority. If he fails to submit the acknowledgment within the time mentioned above, the system will automatically reject such application.

2. On submission of the application by the purchasing dealer, the system shall generate simultaneous tasks, separately for each year at the dealer profile of the selling dealer on RajTax portal and the login IDs of the assessing authorities of both the selling and the purchasing dealers..

3. The selling dealer shall verify the sale invoices from his books and accounts and enter the amount of corresponding verified output tax and submit the details on the portal within forty five days of the generation of task in his profile..

4. Once submitted, the selling dealer's response shall be reflected at the login ID of his assessing authority, who shall proceed to determine the amount of ITC to be allowed after verifying the following:-

    i. the details as provided by the selling dealer,

    ii. the output tax of the selling dealer is more than the corresponding ITC claimed in the relevant period, and

    iii. no demand pertaining to tax is outstanding against the selling dealer in the relevant period.

Where the selling dealer fails to submit the required details in stipulated time, his assessing authority shall issue a notice to him in this regard and, on continuous default, proceed to determine the ITC to be allowed based on the information available on record on the basis of best judgment and close the task accordingly..

5. Based on the information so received, the assessing authority of the purchasing dealer shall allow, partially allow or reject the claim of ITC to the purchasing dealer, as the case may be. In cases, where the claim is allowed, he shall put a note regarding the verification of demand in the Demand and Collection Register and also communicate the same to the dealer. In cases, where the claim of ITC is not verified, the Assessing Authority of the purchasing dealer, shall reject the claim of Input Tax Credit by passing an order in writing and communicate the same to the dealer. If the dealer has applied for a particular year under this notification, the system shall not allow him to apply again for that year irrespective of the status of application filed by the dealer for that year..

5A The tasks pending for ITC verification upto the date of issuance of this notification shall be processed as per the aforesaid procedure.

6. Notwithstanding anything contained in any of the sub-clauses above, the aforesaid directions shall not apply in the eases:-

(i) where any notice has been issued or any enquiry has already been initiated regarding the genuineness of the claim of ITC.

(ii) where the cases have been made against the selling / purchasing dealer for availment of the input tax credit on the basis of false or forged invoice.

(iii) where the registration certificate of the selling dealer has been cancelled retrospectively and the invoices relating to the ITC verification pertain to the period after the date of such cancellation.

(Alok Gupta)

Commissioner.

Commercial Taxes.

Rajasthan, Jaipur.

FORM ITCV-D

APPLICATION FOR VERIFICATION OF ITC

Registration No. (TIN)  
Name of Dealer  
Year  
Outstanding demand for the year  
ITC claimed for the year  
ITC allowed for the year  
ITC pending for want of verification  

S. No. TIN of selling dealer Invoice No. Date of invoice Purchase amount (in Rs.) Amount of tax paid on purchases (in Rs.) Total amount paid (o the selling dealer (in Rs.)
1 2 3 4 5 6 7= (5+6)
             
             

VERIFICATION

I............................. (Name)........................... (Status) verify that the above information is true and correct to the best of my knowledge and belief and nothing has been concealed. I, also verity' that the input tax credit has not been allowed for the invoices mentioned in this application and no notice has been issued or any enquiry has already been initiated against my firm/company/busincss entity regarding the genuineness of the claim of ITC.

Place Signature:
Date: Name:
  Status: