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The Orissa Value Added Tax Rules, 2005 FORMS
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FORM VAT -613

NOTICE INTIMATING THE PREVAILING MARKET PRICE

[Refers sub-rule (1) of rule 130]

01. Office address

D D   M M  
    -     -        

02 TIN/SRIN                      

03. Name and address of the dealer

04. I have reason to believe that the following goods being carried in vehicle bearing registration number ___________________ / in stock for sale, the value of which as stated by you mentioned in the purchase bill/invoice produced, and as indicated below

Description of goods Quantity Value disclosed
(i)    
(ii)    
(iii)    
(iv)    
(v)    

are found to be grossly under valued.

05. The prevailing market price of such goods is as follows:-

Description of goods Quantity Value at prevailing market price
(i)    
(ii)    
(iii)    
(iv)    

06. The quantity, prevailing market price, rate of tax applicable and tax payable at such prevailing market price of the goods referred to above are as follows:-

Sl.No. Description of goods Quantity Value at prevailing market price Rate of tax applicable Tax payable
I.          
II.          
III.          
IV.          
V.          
  Total:-        

07. You are, therefore directed to pay tax amounting to Rs.____________(Rupees____________) on the above mentioned goods at the prevailing market price as indicated at serial 05, within seven days from the date of receipt of the notice, failing which, proceeding will be initiated for purchased of the said goods under sub-section (3) of Section 101 of the Orissa Value Added Tax Act, 2004.

Office Seal

Place________________________

Date_______________________

Taxing Authority

Circle / Check gate___________

Signature and Seal