Punjab Government u/s 8-A of the Punjab VAT Act, 2005 has legislated Punjab Small Traders Rahat Scheme, 2014. This scheme has been legislated for the retailers of small towns which falls in the Class-II and Class-III categories notified seperately for this purpose.
The main features of this scheme are as follows:
To whom applicable: The person applying under this scheme should be:
(a) Retailer and
(b) he does not conduct any business in any corporation or Class-I municipal Towns and
(c) his taxable turnover (excluding the turnover of
the goods covered under single stage taxation) is less than rupees one crore in
a financial year; and
(d) he does not conduct any inter-state sale or
purchase.
Method of
Calculating Tax Liability: The tax
liability of a person opting under this Scheme shall be as per the
following table:-
|
Serial
|
Taxable turnover
(excluding the turnover
of goods
|
Tax Liability
|
|
No
|
covered under
single stage taxation)
|
|
|
|
|
|
|
1
|
Rs.0-Rs.25 lakhs
|
Rs.5000
|
|
|
|
|
|
2
|
Rs.25-Rs.50
Lakhs
|
Rs.10000
|
|
|
|
|
|
3
|
Rs.50-Rs.75
Lakhs
|
Rs.15000
|
|
|
|
|
|
4
|
Rs.75
Lakhs –Rs.1 crore
|
Rs.20000
|
|
|
|
|
Payment of tax under
this Scheme.- (1) Any person who has opted this Scheme shall pay the tax
due in four equal quarterly installments like any taxable person.
Benefits under the
Scheme – (1) Business premises of any person who has opted under this
scheme, shall not be inspected without prior permission of the Excise and
Taxation Commissioner.
(2)
Assessment of
any person who has opted this scheme, shall not be taken up without the prior
permission of the Excise and Taxation Commissioner.
If
the premises of any dealer has opted this scheme are inspected by any officer
of the Department without taking prior permission from the Excise and Taxation
Commissioner, in such a case, the dealer may lodge a complaint at a helpline
number or e-mail ID specified by the Department for this purpose. The complaint
lodged by the dealer shall be promptly looked into and final decision in the
matter shall be taken by the Excise and Taxation Commissioner.
General Conditions of the Scheme – (1) Any
dealer who has opted under this scheme will not be entitled for any input tax
credit.
(2)
Any dealer who
has opted this scheme will not be entitled to issue any VAT invoice.
(3)
Any input tax
credit available with the dealer on the date he who has opted this scheme, will
automatically be reduced to zero.
(4)
If it is found
that any person who has opted this scheme has evaded the tax fraudulently or by
misrepresentation of facts, he will be proceeded under the provisions of the
Punjab Value Added Tax Act as applicable to a taxable person. Decision to
proceed in this manner shall be taken at the level of the Excise and Taxation
Commissioner.
How to apply under the scheme: Any person
desirous of opting for this scheme/availing the benefits under this
scheme shall submit an application as per Annexure ‘A’ to the Designated
Officer.
The designated officer shall invariably accept the
application, unless he has concrete reasons that the acceptance of the application will
lead to substantial tax evasion and shall record the reasons in writing for
rejecting the application.
ANNEUXURE ‘A’
APPLICATION FORM FOR AVAILING BENEFIT UNDER PUNJAB
SMALL TRADERS RAHAT SCHEME, 2014.
To
The Designated
Officer,
___________________
___________________
Sir,
I,____________________________________________son/daughter
of ________________________,Proprietor/Partner/Managing Director/Karta/
Chairman or any other duly authorised person of M/S
_______________________________ Regd.
No.__________________, Address
________________________________________________________,
hereby submit that my total Turnover for the year _____________ is
Rs.______________
(excluding
the turnover of the goods covered under single stage taxation).
2.
It is submitted
that I am liable to pay Rs. __________ as tax on turnover.
3.
I hereby
undertake to pay this self assessed tax due under this scheme.
4.
I, solemnly,
declare that the information given by me is true to best of my knowledge,
belief and records.
(Signature)
Dated
_____________ Name: _____________________
M/S
______________________
TIN No.
____________________
ANNEXURE ‘B’
RAHAT
CERTIFICATE
To
___________________,
___________________
___________________
Subject:- Registration under
Punjab Small Traders Rahat Scheme,
1.
Your application under the above Scheme has been accepted. You shall be
eligible for all the benefits available under the Scheme and shall be also
bound by the terms and conditions of the Scheme.
2. Your Rahat Certificate Number is _________________________
(DISTRICT CODE/WARD NO/RAHAT/Alpha Numeric 4 Digit Number).
3. If your premises are inspected by any officer of the
Department without the prior permission of ETC, you may lodge a complaint at a
helpline number
______________or e-mail ID _________________.
(Signature of
Designated Officer)
Dated _____________ Name: _____________________
District:_____________________
The scheme notified can be downloaded herebelow:
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