(1) Where a registered dealer, who has been granted certificate of registration under the Act and assigned with SRIN,

(a) elects, by exercising option in writing, to pay VAT as specified in clause (a) of section 9; or

(b) intends to purchase or sell goods in course of inter-State trade or commerce; or

(c) intends to despatch or receive goods otherwise than by way of sales to or from outside the State; or

(d) whose gross turnover of sales exceeds rupees fifty lakh at any lime during the year in which he has been paying turnover tax, he shall make an application electronically in Form VAT-106 to the registering authority for grant of certificate of registration and assignment of TIN under sub-rule (1) of rule 19,

he shall make an application in Form VAT-106 to the registering authority for issue of certificate of registration and assignment of TIN under sub-rule (1) of rule 19.

(2) where the registering authority, after examination of the application furnished under sub-rule (1) is satisfied that the application is correct and complete as per requirements of the provisions of this Act and rules and claim of the dealer for assignment of TIN is admissible under the Act, he may grant a certificate of registration to such applicant in Form VAT-103 and assign him with a TIN.

Provided that when the certificate of registration under this sub-rule is issued, the certificate of registration already granted in Form VAT-001 along with the SRIN assigned shall be cancelled and such cancellation shall take effect from the date, the dealer is registered under sub-rule (2).

Provided further that a dealer on being registered under sub-rule (2) shall surrender the certificate of registration granted in Form VAT-001 along with the SRIN assigned to the registering authority for cancellation.

(3) If it comes to the knowledge of the registering authority that any of the events as specified in sub-rule (1) has occurred for which, the dealer is no-longer liable to pay turn over tax as specified in clause (b) of section 9 and that the dealer has failed to make an application under sub-rule (1), the said authority shall issue a certificate of registration in from VAT-103 and assign him with a TIN.

Provided that the certificate of registration issued in Form VAT-001 along with the SRIN assigned to the dealer registered under this sub-rule shall be deemed to have been cancelled from the date of issue of such certificate of registration, and the dealer registered in the manner prescribed above shall surrender the certificate of registration issued in Form VAT-001 to the registering authority for cancellation.

(4) Omitted.

(5) The certificate of registration granted under sub-rule (2) or sub-rule (3) shall be effective from the date of order granting such registration and input tax credit shall be allowed from that date.