28. Transition of works contractors paying VAT to payment of tax by composition. –

Where a dealer being a works contractor is granted permission for payment of tax by way of composition under sub-rule (6) of rule 8, the certificate of registration issued in Form VAT-103 and TIN assigned shall be deemed to have been cancelled from the date of grant of such permission and a certificate of registration in Form VAT-001 along with SRIN shall be assigned by the registering authority of the circle from such date:

Provided that a dealer issued with certificate of registration in Form VAT-001 and assigned with SRIN under this rule, shall surrender the certificate of registration in Form VAT-103 along with TIN to the registering authority of the range for cancellation.