Sub: Modification of return form in Form VAT-201, VAT-201A under the Odisha Value Added Tax Rule, 2005 consequent upon introduction of new sub part, "part-II- A" of Schedule-B of Odisha VAT Act,2004.
Whereas, Government of Odisha, Finance Department have introduced a new sub part, "part-II-A" of Schedule-B of Odisha Value Added Tax Act, 2004 with placement of goods taxable @ 10% & 25% with effect from 02.07.2012 in SRO No.345/2012 published in The Odisha Gazette on 02.07.2012.
And whereas, rule 34 of the Odisha value Added Tax Rules,2005 has been amended by inserting sub-rule (13) providing for modification of return forms such as VAT-201 & VAT-201A by Commissioner with the prior approval of Government though issue of notification as and when required.
Now, therefore, in exercise of power under the sub-rule (13) of the Rule 34 of the Odisha Value Added Tax Rules, 2005 and with the prior approval of Government in Finance Department , vide their letter No-FIN-CTI-TAX-0001/2012-29684/F, dt.18.08.2012, the return form in Form VAT-201 & VAT-201A are hereby modified in order to enable the dealers to file return for the tax periods beginning on and after 01.07.2012.
This notification shall come into force with immediate effect.
Sd/-
(Manoj Ahuja,I.A.S)
Commissioner of Sales Tax,
Odisha,Cuttack
.
FORM VAT-201
RETURN OF VALUE ADDED TAX PAYABLE BY A DEALER
[See sub-rule (1) of Rule 34]
PART - A
If revised Date of filing of Original Return ____/____/____
Acknowledgement No. ______________________
Attach a note explaining the reason for revising the return
02. Period covered by this return
In the boxes herein after provided do not leave any box blank unless you have marked "X" in box 04.
If you have nothing to enter in a box, insert "NIL"
(same as at serial No.55 of the previous return)
PART - B
Purchases and receipts during the period covered by this return
(Excluding capital goods & goods meant for sale by transfer of right to use)
"A"
"B"
(Excluding capital goods and goods meant for sale by transfer of right to use)
[Strike out which is not applicable] [box (4)(viii) of Table-II of Annexure-V]
(Refer to Form VAT 608-A issued)
* In case there is purchase of capital goods from within the state please furnish information in Annexure-III
** In case, there is a transfer of right to use of any goods for any purpose, whether or not for a specified period, for cash, deferred payment or other valuable consideration, please furnish information in Annexure III-A
PART-C
Sales/despatch/purchase subject to levy of tax under section 12, during the period covered by this return (OUTPUT)
(Works Contractors to workout TTO in Annexure - IV and show the break up TTO against Sl. 33 and 35 and total TTO at serial No.41.)
(excluding sale of goods on which tax payable on MRP)
N.B : If you have declared sale in Box 30(i)(A), 30(iv)(A) & 30(v)(A) you can claim refund of excess ITC related to export and such other sales as referred to above and carry forward the balance ITC.
PART - D
56. Details of Tax deposited
[56(i)(g)] [56(v)(g) - 48, if 48<56(v)]
57. Information on use of invoices for the tax period
List showing sale of goods to registered dealers on tax invoice (attach separate sheet, if necessary)
(in Rs.)
(6)+(7)
List showing purchase of goods from registered dealers within the state on tax invoice (attach separate sheet, if necessary)
DECLARATION
I (name) ______________________ being (status) __________________________ of the above business do hereby declare that the information given in this return is true and correct to the best of my knowledge and belief.
Please note the following :
Period covered under the return
Date of receipt of the return
Amount of Tax paid along with return
Mode of payment
________________________________________
_________________________________________
Signature with designation of the receiving officer.
Seal
ANNEXURE-I
(In case of despatch of goods to outside the state otherwise than by way of sales, Branch transfer / Consignment sales)
01. Despatch value of stock transfer (as at Sl.31 of the return)
02. Tax-rate-wise breakup of inputs purchased on Tax Invoice and used in the transfer of stock otherwise than by way of sales (Branch transfer or Consignment sales)
(4-5)
N.B:-
(1) Dealer to calculate purchase value of inputs as well as VAT paid basing on the corresponding inputs used in the stock transferred to outside the state.
(2) The creditable amount of input tax will be (5% - 4% = 1%), (10% - 4% = 6%)(12.5% - 4% = 8.5%) or (13.5% - 4% = 9.5%) and (25% - 4% = 21%) of the value of inputs purchased at 5%, 10%, 12.5%, 13.5% or 25% tax rate.
ANNEXURE-II
(In case sale of goods in course of inter-state trade & commerce results in CST payable less than the corresponding input tax on the corresponding purchase of goods, the input tax creditable for the tax period shall be reduced.)
[See sub-rule (3) of Rule 11]
Table-I
01. Particulars of interstate sale
02. Total CST payable as at column vii(c) in the Table-I
03. Tax group wise proportionate purchase value of goods sold in course of interstate trade or commerce/goods purchased* which go into the composition of the goods manufactured for sale in course of interstate sale.
Table-II
Particulars of interstate purchase
04. Total Input Tax Credit at viii(c) in the Table-II
05. ITC to be reduced [04 - 02]
[This may be taken to Sl. No.21(ii) of Part-B]
* Manufacturer will calculate the proportionate inputs (goods) used in the manufacturing of goods sold in inter-state trade and calculate the purchase value of those inputs (goods) as well as the input tax.
ANNEXURE-II-A
(In case sale of goods in course of interstate trade & commerce results in CST payable less than the corresponding input tax on the corresponding purchase of goods, the input tax creditable for the tax period shall be reduced.)
[See clause (e) of sub-rule (3) of Rule 11]
[ To be furnished once only while filing the return for the tax period in which OVAT (Amendment) Rules 2009 comes into force ]
02. Particulars of inter-state sale
03. Total CST payable as at iv(c) in the Table-I
04. Tax group wise proportionate purchase* value goods sold in course of inter-state trade or commerce/goods purchased which go into the composition of the goods manufactured for sale in course of inter-state sale.
Particulars of purchase withn the state
N.B :
* in case of dealers who have already reduced ITC on account of CST payable less than the corresponding ITC, shall deduct the amount already reduced at column 07 and the balance if any at column 8 to be reduced in the present return.
Annexure-III
( For of claim of input tax credit on capital goods)
Particulars of purchase of capital goods
( in Rs)
Particulars of purchase of capital goods not eligible for input tax as per Schedule-D
* The unadjusted balance ITC as per the provisions existing before amendment of Rule 11 shall be adjusted in the tax period in which OVAT (Amendment) Rules 2009 comes into force.
ANNEXURE-III-A
(Calculation of creditable input tax on goods purchased for sale by way of transfer of right to use for the tax period for which the return is filed)
[see Rule-13]
01. Name and address of the Dealer (s) / Institution (s) to whom the right to use has been transferred and the material conditions of transfer.
02. Purchase price, of goods, the right to use of which is transferred and VAT paid thereon,
* The unadjusted balance ITC as per the provisions existing before amendment of sub rule (2) of Rule 11 shall be adjusted in the tax period in which OVAT (Amendment) Rules 2009 comes into force.
ANNEXURE-IV
Taxable turnover of Works Contractor
(See Rule 6)
* The total at 17(f) be taken to Sl. No.41 of Part-C of the return and the tax groupwise break up to be taken to the respective row of Sl. No. 33.
ANNEXURE-V
Adjustment to ITC and output tax arising from issue and receipt of credit notes and debit notes.
TABLE-I
01. Details of credit Note / Debit Note received
TABLE-II
02. Effects of credit note / debit note received on the ITC
Debit notes received
TABLE-III
03. Details of credit Note / Debit Note issued
TABLE-IV
04. Effects of credit note / debit note issued on output tax
Debit notes issued
* Input tax required to be increased or decreased as a result of receipt of credit note and debit note as worked out at box 4(viii) or 6(viii) in Table-II shall be taken to Part-B of the return for adjustment at Sl. No. 24 and / or 25 .
** Output tax required to be increased or decreased as a result of issue of credit note and debit note as worked out at column 4(x) or 6(x) in Table-IV shall be taken to Part-C of the return for adjustment at Sl. No. 43 and / or 44.
ANNEXURE-VI
Reduction of ITC where sale price is less than purchase price
[Sub-rule (5) and (6) of Rule 14]
To be furnished by the dealers who sell goods at a price less than the purchase price.
01. Details of input tax and output tax
* Total of column 7(e) is equal to (4)(e) - (6)(e)
ANNEXURE-VI-A
* To be furnished once only in the return filed for the tax period in which OVAT (Amendment) Rules 2009 comes into force
* Attach separate sheet if necessary
02. Details of input tax and output tax
* Total of 7(v) = 4(v) - 6(v)
** Total of 9(v) = 7(v) - 8(v) [to be taken to Sl. No. 21(iii)]
Annexure-VII
(Reversal of ITC already availed in respect of purchase of goods for violation of purchase condition subsequently or for any other reason)
Conditions for reversal of ITC and amount to be reversed
CT1-TAX-0025-2012,dt.02.07.2012. The purchase value of the opening stock of such goods as on dt.02.07.2012.
* For furnishing information under column C, the dealer is to calculate the value of inputs of the corresponding items from the relevant tax invoice on which the goods were purchased.
** The total at 10(D) will be taken to Sl. No. 21(iv) of Part-B"
FORM VAT-201A
ANNUAL RETURN OF VALUE ADDED TAX PAYABLE BY A DEALER
[See sub-rule (6A) of Rule 34]
(same as at serial No.55 of the return filed for M.E / Q.E on 31.3..............
(Works Contractors to workout TTO in Annexure B and show the break up TTO against Sl. 33 and 35 and total TTO at serial No.41.)
at sl. No.54 of VAT 201)
No.55 of the return for M.E / Q.E 31.03..... (48+49)
Annexure-A)
ANNEXURE-A
(BD / TC / EC)
(Tax paid at check gate / collected by Authorities)
(Rs.)
month /
quarter
No.
BD - Bank Draft
TC - Treasury Challan
EC - Challan generated after e-payment
MR - Money receipt
ANNEXURE-B
Annual Taxable turnover of Works Contractor