This presentation is all about the basics of Value added Tax in rajasthan...and basically covers all the aspects as are related to VAT as per the White Paper Policy.

1. VALUE
ADDED
TAX

2. CONTENTS

3. DEFINITION
 Basically, VAT is type of tax which is imposed on
sale of goods.
 As its known by its name VAT is levied on the
addition in the value of goods.

4. APPLICABILITY
 VAT is applicable when any type of trading of goods
is done.
 VAT is only applicable in case of trading of Goods
not in case of services
 VAT is applicable in all States of India.
 As VAT is include in the state list of the constitution.
So, it’s a matter of state levy and rates of TAX
under VAT in all State are different.

5. BASICS
 VAT is basically applicable on all the sellers who
are indulge in the trading of goods.
 There are few goods which are exempt and no tax
is Charged on them.
 Few goods are Taxable on 0% tax. There is a big
difference between exempted goods and 0%
goods.
 There are many approaches to apply VAT.
 VAT is introduced to reduce and keep a check on
Tax evasion which is common practice in case
single point taxation system.
 VAT is a Multi-Point Taxation System.

6. …CONTD.
 So as per Multi-Point Taxation System on every
increase in the value of GOODS VAT is Imposed on
the increased Value.
 In a approach of VAT is applied on the difference of
Purchase and sales.
 In another approach VAT is Calculated and on
Purchase and Sales Value and the difference is
collected by the seller.

7. GOVERNANCE IN RAJASTHAN
 In Rajasthan VAT is Governed by Rajasthan Value
added Tax Act,2003.
 From registration under VAT to Exemption and each
and every thing is governed by the Rajasthan Value
Added Tax Act,2003.

8. REGISTRATION UNDER VAT
 Every dealer who is trading goods in the State Of
Rajasthan is required to Get him/It registered under the
Rajasthan Value Added Tax Act.
 For Getting Registered under the Rajasthan Value
Added Tax Act,2003 Form VAT-01 is to filled on the
Web-portal of Commercial Taxes department(CTD)
which is www.rajtax.gov.in .
 If the dealer is purchasing/selling goods outside the
State of Rajasthan then the dealer is required to get
him/it registered under the Central Sales Tax Act,1956.
 For registration under the Central Sales Tax Act,1956
the is required to fill Form-A on the Web-Portal of
Commercial Taxes Department(CTD).

9. ….CONTD
 Requirement For Registration Under VAT + CST:-
 Proof of Identity
 Proof Of Address(both the Proprietor/Partner and
Firm)
 PAN Card
 Non Judicial Stamp [(Rs.10 X 1) (Rs.100 X 4)]
 Details of Branch (if any)
 Court Fee (Rs. 25)
 Cancel Cheque
 Form VAT-01B
 Surety (2)
 Details of Manager( If appointed)

10. PAYMENT OF VAT & CST
 Payment option for VAT & CST: -
 Monthly
 Quaterly
 Half Yearly
 Yearly
 Lump Sum

11. RETURNS OF VAT
 Returns are to filed Annually and Quarterly both:-
 Annually in Form VAT-10A or VAT-11
 Quarterly in VAT-10.
 In Quarterly Return Sales and Purchase details are to
shown in VAT-08A and VAT-07A respectively
 The Last Date of Quarterly return is 1.5 month from
ending of the respective Quarter
 The Last Date of VAT-10A is 31st December after ending
of Financial Year.
 The Last Date of VAT-11 Annual is 30th June after
ending of Financial Year.

12. FORMS UNDER VAT
 VAT-03 (Registration Certificate)
 VAT47 and VAT49(for transport of goods)
 VAT48 and VAT50(use of VAT47 and VAT49)

14. Presented by:-
Yash Goyal