Relyonsoft.com
 
  
VAT Software Solutions
GOVERNMENT OF KARNATAKA
 
NOTIFICATION
 
 
No. KSA. CR.155 /2007-08, Office of the Commissioner of Commercial Taxes in Karnataka, Gandhi Nagar, Bangalore, Dated: 23-06-2008
 
     
In exercise of the powers under clause (b) of sub-rule (3) of Rule 33 of the Karnataka Value Added Tax Rules, 2005, it is hereby notified that, commencing from the tax period of the month of June, 2008;
 
  1. every dealer registered under the Karnataka Value Added Tax Act 2003 and who with his total turnover relating to sale of goods in the course of export outside the territory of India for the year ending 31st march, 2008 or in any subsequent year as declared in the monthly returns filed for that year is ten lakh rupees or more and also is claiming refund or deduction of input tax of one lakh rupees or more under sub section (1) of Section 20 of the said Act on such sales; and
  2. every registered dealer who is claiming deduction of input tax under section 11 of the Act for the year ending 31st March, 2008 or in any subsequent year as declared in the monthly returns filed for that year is twenty lakh rupees or more and whose ratio of output tax to input tax is less than 1.25, shall enter in the website: http://vat.kar.nic.in/, the details of-
    • his purchases of goods made within the State from other registered dealers in respect of which he is eligible to claim refund or deduction of input tax,
    • his sales of goods in the course of export outside the territory of India,
    • his sales of goods made to other registered dealers in the State
    on or before the 20th day of the succeeding month, in the following manner:
    1. The dealer shall operate his account in the website using the user name and password is not communicated by 20th July, 2008, he shall obtain the same from the Commissioner.
    2. He shall follow the procedure and instructions as specified in the website to enter the details specified in clauses (i), (ii) and (iii) above
Explanation: Ratio of output tax to input tax means the aggregate of output tax payable under the provisions of the Karnataka Value Added Tax Act, 2003 as declared by the dealer in the monthly returns filed for the year ending 31st March, 2008 divided by the aggregate of the input tax deduction claimed during the year.
 
 
(B.A. Harish Gowda) Comissioner of Commercial Taxes in Karnataka, Bangalore
 
 
eTDS
Must Read. . .
    New VAT Forms
    Karnataka VAT Rules
    Karnataka Budget Speech
    FAQs on VAT
    VAT Notifications
    Karnataka VAT Offices
   VAT History
 
TDS
Check it Now . . .
    Saral VAT Solutions
    VAT 100 Standard
    VAT Info
    VAT 100 Premium
    Download [Free]
    Contact Relyon
    Relyon Products
 
 
Relyon
© Relyon Softech Ltd. All rights reserved