Form 303 (see rule 23) Order of assessment of tax under MVAT Act,2002 MVAT RC Holding CST RC YES/ Assessment No. (TIN) Please tick NO Year Name of the dealer pin code Address Block/flat Name of Premise /building/village CITY District Assessment Period Notice in form Notice Under Accounting From To served Section Method on Books of accounts produced PART-1 1. Computation of net turnover of sales liable to tax Particulars As per return(Rs) As determined (Rs) Gross turnover of sales including taxes as well as non sales transactions like value of branch transfer, job, work charges etc. Deduct Value of goods returned (inclusive of sales tax) 1 including reduction of sales price on account of rate difference and discount Net tax amount (tax including in sales shown in 2 gross turnover above less tax included in 1 above) Sales n/s B(1) including central sales tax and 3 value of branch transfer outside the state 4 Value of branch transfer within the state on which tax is paid by agent 5 Deduction under section 6 and/or 6A of “Earlier Act” b/w section 96 (1) (g) Sales of tax free goods u/s 5 6 7 Sales of taxable goods fully exempted u/s 8(4) Labor or job work charges 8 Sales of taxable goods fully exempted u/s 41(4) 9 Sales of taxable goods fully exempted u/s 10 8(4)[other than sales u/s 8(1) & 8(4)] 11 Amount paid by way of price for sub contract Other reduction/deductions 12 Balance Net turnover of sales liable to tax 13 2. Computation of tax payable under the MVAT Act Sr Rate of As per return (Rs) As determined (Rs) No Tax Turnover of sales Tax amount Turnover of sales Tax amount liable to tax liable to tax 1 12.50% 2 8.00% 3 5.00%
Form 303 (see rule 23) Order of assessment of tax under MVAT Act,2002 MVAT RC No. (TIN) Holding CST RC Please tick YES/ NO Assessment Year Name of the dealer pin code Address Block/flat Name of Premise /building/village CITY District Assessment Period From To Notice in form Notice served on Under Section Accounting Method Books of accounts produced PART-1 1. Computation of net turnover of sales liable to tax Particulars As per return(Rs) As determined (Rs) Gross turnover of sales including taxes as well as non sales transactions like value of branch transfer, job, work charges etc. Deduct 1 Value of goods returned (inclusive of sales tax) including reduction of sales price on account of rate difference and discount 2 Net tax amount (tax including in sales shown in gross turnover above less tax included in 1 above) 3 Sales n/s B(1) including central sales tax and value of branch transfer outside the state 4 Value of branch transfer within the state on which tax is paid by agent 5 Deduction under section 6 and/or 6A of “Earlier Act” b/w section 96 (1) (g) 6 Sales of tax free goods u/s 5 7 Sales of taxable goods fully exempted u/s 8(4) 8 Labor or job work charges 9 Sales of taxable goods fully exempted u/s 41(4) 10 Sales of taxable goods fully exempted u/s 8(4)[other than sales u/s 8(1) & 8(4)] 11 Amount paid by way of price for sub contract 12 Other reduction/deductions 13 Balance Net turnover of sales liable to tax 2. Computation of tax payable under the MVAT Act Sr No Rate of Tax As per return (Rs) As determined (Rs) Turnover of sales liable to tax Tax amount Turnover of sales liable to tax Tax amount 1 12.50% 2 8.00% 3 5.00%
Form%20303.docx