Amendment in Form VAT-15

Chandigarh, 19^th July, 2016:  The Administrator, Union Territory, Chandigarh, is pleased to make the following Rules further to amend the Form VAT-15 as appended, namely:-

1.     These Rules may be called The Chandigarh Value Added Tax (Amendment) Rules, 2016.

2.     They shall come into force with immediate effect.

3.     In the Chandigarh Value Added Tax Rules,2006(hereinafter referred to as Rules of 2006) for the existing Form VAT-15 as annexed to the said Rules, the following shall be substituted, namely:-

FORM VAT 15

Return by a Taxable Person

(See rule 36)

(Please read the INSTRUCTIONS carefully before filling the form and worksheet)

VRN

For period (dd.mm.yy)

From _____________

To _____________

Name of the person:

Address of the person:

Pin

State:

Tel

Fax

Email address

1

SALES DETAILS

Amount

( a )

Gross Sales*

( b )

Less : Zero rated sales

( c )

Less : Inter- state sales

( d )

Less : Tax free sales

( e )

Less : Deductions(Sales return, Cash/trade discount etc.)

( f )

Less : Tax element included in sales

( g )

Net sales subject to VAT

1-A

Branch Transfers/Consignment Transfers

2

PURCHASE DETAILS

Amount

( a )

Gross Purchases (excluding capital goods  but including goods received by stock transfer)

( b )

Less : Imports from outside India

( c )

Less : Inter-State Purchases/goods received from Branches/principals outside U.T., Chandigarh

( d )

Less : Tax free Purchases

( e )

Less : Purchases liable to purchase Tax u/s 19(1) and 20

( f )

Less : Deductions(purchases return and cash /trade discount etc.)

( g )

Net: purchases eligible for input tax credit [a-(b+c+d+e+f)]

( h )

Purchases of capital goods eligible for input tax credit

3

OUTPUT TAX

Amount

( a )

VAT on net taxable sales within the return period

( b )

Add : Purchases Tax on turnover as per Col. 2( e )

( c )

Add/Less : Output tax for prior period adjustment

( d )

Total Output tax

4

INPUT TAX CREDIT ON ACTUAL BASIS

Amount

( a )

Opening input Tax Credit on unsold stock / others [see section 13[1]]

( b )

Add ITC on Non Capital Goods purchased within Chandigarh against VAT invoices

( c )

Add ITC on Capital goods

( d)

Add TDS, if any

( e)

Less: Apportionment of ITC on manufacturing tax-free goods

( f )

Less: Apportionment of ITC for branch transfer

( g )

LESS

Add/Less : adjustment ITC for purchase return/discount

( h )

ADD

Add/Less : reversal of ITC

( i )

Claimable Input Tax Credit

( j )

Less Input Tax Credit involved in unsold stock

( k )

Input Tax Credit available for adjustment against output tax

( l )

Input Tax Credit on unsold stock / others carried forward

4-A

INPUT TAX CREDIT ON NOTIONAL BASIS

Amount

( a )

Brought forward from previous year

( b )

Add ITC notional on Non Capital goods

( c )

Add ITC notional on Capital goods

( d )

Less: apportionment of notional ITC on manufacturing tax free goods

( e )

Reversal of notional ITC on account of sales

( f )

Reversal of Notional ITC on branch transfer and consignment

( g )

Reversal of Notional ITC on purchase return

( h )

Total Notional input tax credit available

5

TAX PAYABLE/EXCESS INPUT TAX CREDIT

Amount

( a )

Total output tax [as per 3 ( d )]

( b )

Less: Total actual ITC as per col. 4(k)

( c )

Difference(a-b) (if output tax is more than input tax, balance be adjusted out on Notional ITC, if any otherwise amount is to be deposited)

( d )

Excess ITC if any, after adjustment in (c) (i)                Actual        (ii)          Notional

( e )

CST liability for the return period, if any.

( f )

Excess actual ITC as per col. (d) if any

( g )

Difference(e-f) (if output tax is more than input tax, Balance be adjusted out of Notional ITC, if any .Otherwise amount is to be deposited)

( h )

Excess ITC if any, after adjustment under (g) to be carried down to next return period (i)                Actual (ii)             Notional

6*

DETAILS OF TAX PAYMENT DURING THE RETURN PERIOD

Payment Type( CASH/CHALLAN/DRAFT

Challan/instrument No

Date (dd/mm/yyyy)

Bank/Treasury

Branch code

Amount

Declaration:            I, solemnly declare that to the best of my knowledge and belief the information given on                       this form is true and correct.  NAME  &                                                                                                              STATUS Signature                                                                                                           Dated(dd/mm/yyy)

WORKSHEET

1.  BREAK UP OF TAXABLE SALES AND PURCHASES IN UNION TERRITORY, CHANDIGARH(EXCLUDING CAPITAL GOODS)

1( a ) Rate

1(b)Gross Sales

VAT

1( c ) Gross Purchases

VAT

At 1%

At 4%

At 5%

At 8.8%

At 12.5%

At 20%

At 22%

Total

2. BREAK UP OF GOODS SOLD UNDER WORKS CONTRACT

2(a) Rate

2(b)Gross Value of works contract executed

2(c) Less: Value of Labour

2(d) Taxable Value

2(e) Output Tax

2(f) Less: tax deucted at source

2( g ) Net Output Tax

At 1%

At 4%

At 5%

At 8.8%

At 12.5%

At 20%

At 22%

Total

3. BREAK UP OF ZERO RATED SALES

3( a ) Category

3( b ) Gross Sales

3( c ) Less: Sales return

3( d ) Less: Discounts

3( e) Net sales

Sale against H form

Export out of India

Sales against E1/E2 forms

4. BREAK UP OF DEDUCTIONS FROM SALES AND PURCHASES

4(a) Deductions from sales for the current period

4(b) Deductions from Purchase for the current period

Sales Returns

Purchase Returns

Cash/Trade Discount

Cash/Trade  Discount

Amount charged separately as interest for sales by hire-purchase/installments purchase

Others ( Pl. specify nature )

Cancellation of sales

Sales  Returns

Change in nature of sales

Change in sale consideration

Others(Pl. specify nature)

Total Deductions

Total   Deductions

5. PRIOR PERIOD ADJUSTMENTS

5(a) Prior Period adjustment of sales

5(b)Adjustment in sales

5(c) adjustment in output tax

5( d ) Prior period adjustments of purchases

5(e) Adjustment in Purchase

5(f)Adjustment in Input tax

Cancellation of sales

Cancellation of purchase

Sales Returns

Purchase returns

Change in nature of sales

Change in nature of Purchase

Change in sales consideration

Change in Purchase consideration

Sales Total

Purchase Total

Date                                                            Signature and Seal of the                                                                            Authorized person

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