Amendment in Rajasthan Government’s Notification regarding Payment of Lump Sum in lieu of tax

Jun 25, 2018 | by Avantis RegTech Legal Research Team


The State Government of Rajasthan under the Rajasthan Value Added Tax Rules, 2006 had published Notification number F.12(59)FD/Tax12014-18 dated July 14, 2014 that provided the class of dealers who may opt to pay lump sum in lieu of value added tax and the amount of lump sum payable in lieu of tax.

The State Government of Rajasthan, being of the opinion that it is expedient in the public interest so to do, has made the following amendment in Notification number F.12(59)FD/Tax12014-18 dated July 14, 2014, as amended from time to time, with effect from June 23, 2018.

In the said notification, the existing serial number 5 and entries thereto shall be substituted by the following, namely:

Class of Dealers

Lump Sum payable in lieu of Tax

Registered dealers engaged in sale of Foreign Liquor, Indian Made Foreign Liquor and Beer, who do not hold the license for retail off or the license for retail on, issued by the Excise Department of the State.

(a)   One sixth of the gross amount which comes after deducting the amount of surcharge from the gross amount of the printed retail price of the goods, sold during the relevant period.
In addition to the amount of lump sum, the dealer shall also pay the amount of surcharge payable under Section 7A of the said Act.

(b)   The dealer shall be allowed to claim set off in the lump sum amount and in surcharge, of the amount of tax and surcharge respectively, paid on the purchase of Foreign Liquor, Indian Made Foreign Liquor and Beer made by him within the State from the manufacturing dealer of the State and sold within the State.

(c)   The dealer opting for payment in lump sum under this notification shall sell Foreign Liquor, Indian Made Foreign Liquor and Beer only to the person /dealer holding license for retail off issued to them by the Excise Department of the State.

(d)   The dealer opting for payment in lump sum under this notification shall not sell Foreign Liquor, Indian Made Foreign Liquor and Beer to the dealers holding license for retail on issued to them by the Excise Department of the State, however, they will be free to sell such goods to such persons against VAT invoice under the Act.

 

 

 [No. F.12(26)FD/Tax/2018-55]

URL: http://www.finance.rajasthan.gov.in/PDFDOCS/TAX/CCT/F-CCT-7604-22062018.pdf


Bookmark

Related Updates



Alternate Text

Get updates on the go on RuleZbook Mobile App.