GOVERNMENT OF JHARKHAND
COMMERCIAL TAXES DEPARTMENT
QUARTERLY RETURN FOR VALUE ADDED TAX
[See Rule 14(3)]
IF YOU HAVE NO ENTRY FOR ANY BOX, INSERT "NIL".
1. Name & Address of the Dealer : ..................................................................................................................
Add: the Amount of Tax : Payable on Sales of Goods specified in Part-E of Schedule II : Refer Section 9(3) & 11(1)
(A)
(B)
Entry Tax Paid for the goods in Part E of Schedule-II, are liable to be adjusted against the Output Tax payable. [Box 34(i)(d) & (e) - Box 16(B)]
36. Payment / Adjustment Details:
In the circumstances, if total of Box 21(B) i.e. "Input Tax paid", exceeds the total of Box 31(B) i.e. the "Output Tax payable", and you have also declared Exports in Box 22(A) and not able to adjust this excess "Input Tax paid", against any other tax liability, payable under the Act or CST Act, you can claim this "Excess Input Tax Amount" as "Refund" and fill this amount in Box 38, OR carry forward this "Excess Input Tax Credit " in Box 39.
If you have declared, NO "Exports" in Box 22(A), carry forward this "Excess Credit Amount" in Box 39, for adjustment thereof of this excess amount, against the Tax liability if any, under the "Act" or "CST Act", as shown in Box 24(A) or against future Tax liability under the Act.
OR
Calculated as per Box 24(A)
Adjust the CST payable; against excess "Input Tax Credit" amount, shown in Box 39.
If the balance remains; even excess; the same can be carried orver Box 41.
43. I hereby annex the details of the Input Tax paid, during this tax period which are reflected in the boxes 16A - 16B, 17A - 17B, 18A - 18B & 19A - 19B in the following Table -
DECLARATION:
Name......................................being ................................................ of the above dealer do hereby declare that the information given in this Return is true and correct.
NOTES:
* For availing "Input Tax Credit" with your VAT RETURN(S), on "Opening Stock" vide sub-Rule (1) of Rule 26: Attach JVAT 402 with the Return(s). Enter your "Eligible Input Tax Credit" on "Opening Stock" in Box-5. "Output Tax Payable" as shown in Box-31(B) shall stand adjusted, against the Eligible Input Tax Credit in Box - 21(B).
** Please see sub-rule (3) of Rule 30.
*** Enter your Eligible Input Tax Credit: i.e. 36th Part of the Admissible "Input Tax Credit" on Purchase of "Capital Goods", as communicated to you in Form JVAT 406.
**** In the circumstances, if there are "Exempt Transactions", or "Zero Rated Sales", or "Sale of Exempted Goods" and "Specific Input Tax" or "Common Inputs": "Eligible Input Tax Credit", should be computed as per sub-rule from (5) to (14) of Rule 26 of the Rules. Annex Annexure-'A' with this Return. In such circumstances, the Input Tax paid and as shown in Box 16B, 17B, 18B and 19B shall not be taken into consideration for "eligible Input Tax Credit". The amount appearing in Box 20B, and as "computed" in Annexure-A, shall be taken into consideration for "eligible Input Tax Credit" and for this purpose where there is "apportion" the total of 20(B) shall stand adjusted against the total of 31(B)
***** Please See Rule 44.
******In the circumstances, Tax deducted at source u/s 44 and 45 of the Act: "Output Tax Payable"; stand adjusted against the Amount shown in JVAT 400: Refer sub-rule (2) of Rule 23 and sub-rule (4) of Rule 24. Attach the photocopy of Form JVAT 400.
COMPUTATION OF INPUT TAX PAID AND CLAIMED IN THE TAX PERIOD IN JVAT 200
(See from sub-rule 5 to 14 of Rule 26)
(1) Computation of Input Tax Credit of VAT dealers: having any of the following Transactions, -
(2) Tax Period
(I) Details of Turnovers for the Tax Period
(II) Details of Input Tax Paid and claimed in the Tax Period
(x)
(y)
@ Specific Input Tax means: the Input Tax Paid on Specific Taxable Purchases and sold specifically in the same Rate, i.e. if Purchases are for @4%, the Goods in question are also sold against 4% Taxable Sales. [See Rule 26(7)]
# Common Inputs means: Inputs Tax Paid and consumed commonly for "Taxable Sales" as well as for "Exempt Transactions". [See Rule 26(8), (9), (10) & (11)] and compute the eligible ITC accordingly.
$ Apportion of 12.5% Tax into 4% and (+) 8.5% "Portions" as well as of 4% only, if you have any "Exempt Transactions" and "Export Sales".
$$ The total eligible Input Tax Credit as computed by the aforesaid formula shall be entered in Box 20(B). The Eligible Input Tax Credit; as arrived and entered in Box 20(B) shall stand adjusted against the total of output Tax as entered in Box 31(B).
Note:
1. To claim eligible Input Tax Credit for Tax Rates of 1%, 4% and 4% portion of 12.5%, the following calculation is to be made:
2. Where there are no "Exempt Transactions" and "Export Sales" in the Tax Period, apply the above Formula for entire 12.5% for arriving at ITC eligible.
3. Where "Exempt Transactions" and "Export Sales" are made in the Tax Period, Total 8.5% Portion of 12.5% amount can be taken as ITC.