Remission on Tax under Gujarat VAT for Groundnuts Purchased at MSP

Mar 07, 2018 | by Avantis RegTech Legal Research Team

The Government of Gujarat, considering it necessary so to do in the public interest, has remitted whole of the tax payable Gujarat Value Added Tax Act, 2003 by a specified dealer on the sales of specified goods made during the period from November 5, 2016 to June 30, 2017 subject to the following conditions, namely:-

1.        Such remission shall be allowed on sales of specified goods for which tax invoice has not been issued and tax has not been charged from NAFED by the Jilla/Taluka Sangh, Mandali or APMC and Nodal agencies like GUJCOT, Sabarkantha Jilla Sahakari dudh utpadak Sangh, Banaskantha Jilla Sahkari dudh utpadak Sangh, GUJPRO.

2.       Such remission shall be allowed on the sales of specified goods for which tax has not been charged in the invoice from NAFED.

3.        The remission shall be limited to the sales made by Jilla/Taluka Sangh, Mandali or APMC to nodal agencies and Nodal agencies to NAFED. No remission shall be allowed on transactions other than those shown in Para 1. Any branch transfer, consignment, etc. will not be eligible for remission. NAFED will not be eligible for ITC on purchase of such "specified goods".

A "specified dealer" means the Jilla/Taluka Sangh, Mandali or APMC and nodal agencies appointed by the Government of Gujarat, namely, GUJCOT, Banas Dairy, Sabar Dairy and GUJPRO who have sold specified goods to NAFED.

The "specified goods" means groundnuts purchased, at minimum Support Price decided by the Government of Gujarat, by the specified dealer from the farmers during the period from November 5, 2016 to June 30, 2017.

[No. (GHN-30)VAT-2018-S.41(1)(19)-TH]

URL: https://www.commercialtax.gujarat.gov.in/vatwebsite/download/cir_noti/NOTI/Remission%20On%20Groundnuts%20Purchased%20at%20MSP.pdf


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