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.