16/10/2019
[5:23 PM, 10/16/2019] Yashasvi Sharma: Gist of the Notifications issued on 14th & 15th October 2019 for Rajasthan
1. Amendment in Rule 21 of the RVAT Rules, 2006 :
a. Declaration forms related to the period which were assessed till 31.03.2019, now can be submitted till 31.12.2019.
b. For the Year 2017-18, the declaration forms may be submitted till 31.03.2020.
2. Amendment in Rule 40 of the RVAT Rules, 2006 : Much awaited relief provided to various awarders -
a.
Where the awarder is a Department of any Government, a corporation, a public
undertaking, a cooperative society, a local body, a statutory body, an autonomous
body, a trust or a private or public limited company, limited liability partnership,
and the gross amount of works contract(s) awarded by him in a year exceeds
rupees ten lacs, such awarder shall obtain Awarder Identification Certificate by
submitting an application in Form VAT-40 electronically through the official web-
site of the department to any officer not below the rank of an Assistant Commercial
Taxes Officer, as may be authorized by the Commissioner, within thirty days from
the day on which the gross amount of works contract(s) exceeds rupees ten lacs or
upto 31.03.2020, whichever is later.
(8A) Every awarder holding an Awarder Identification Certificate, shall submit a
statement in Form VAT-40E electronically through the official website of the
department to the officer authorized under sub-rule (1), within thirty days of the
end of the quarter or upto 31.03.2020, whichever is later. Where the awarder fails
to furnish the statement as mentioned above, the said officer after affording a
reasonable opportunity of being heard, may impose penalty under section 64 of
the Act.
b.
c.
(8B) Where an awarder discovers any omission or error in the Form VAT-40E
furnished by him, he may furnish a revised Form VAT-40E within three months from
the close of relevant year or upto 31.03.2020, whichever is later.
Basically, the time limits for obtaining Form VAT-40, Submission of Form VAT-40E by the awarder having AIN and rectifying mistakes in Form VAT-40E has been extended till 311.03.2020.
3. Amendment also brought in w.r.t. the specified class of dealers who have filed VAT-11, annual return, or have deposited tax in lump sum under Rule 17A but could not opt for the same, may do so by complying with prescribed conditions upto 31.12.2019.
4. Welcome amendments are incorporated in the notifications issued on 20.06.2017 w.r.t. ITC verification. Now the verification will be electronically done. The special process for the ITC mismatches which are more than Rs. 25,000/- and related to the period2011-12onwardsis –
i. The purchasing dealer will submit the application for verification and on such submission simultaneous task will be generated by the system at the dealer profile of selling dealer and ID of the Assessing Authority of the selling dealer. It will be year wise.
ii. The selling dealer shall verify the invoices from books of accounts and put the amount of verified invoices on the portal within 45 days from the date of generation of task in his profile.
iii. Once it is done from the selling dealer, it will be reflected on the ID of his Assessing Authority’s ID. Now he will verify the same considering certain points. If the selling dealer does not enter the same in prescribed time limit, his assessing authority will issue notice in this regard.
iv. After receiving the above information, the assessing authority of the purchasing dealer will allow/ partially allow or reject the ITC verification claim by passing a separate order. This is one time facility for each year.
In other three notification Nos. 716, 726 & 736 the dates for cut off have been extended related to particular years and the last date of filling ITC verification petition is extended upto 31.12.2019.
