FORM VAT-53 [See rule 64[1]] Statement of particulars required to be furnished under Section 60 of the J&K Value Added Tax Act,2005 PART - A 1. Name of the dealer/person 2. Address (principal place of business) 3. Tax Identification No. under J&K VAT Act/ Registration No. under CST Act 4. Constitution of the dealer 5. Income Tax PAN No. 6. Period under audit 7. Address of all branches and manufacturing units within the state 8. Address of branches and manufacturing units outside the state 9. Nature of business - resale/manufacture/importer/ exporter/works contractor/lessor/others (pl.specify) 10. Change in the nature of business (if any) (The brief particulars of such change) 11. Changes in the constitution (The brief particulars of such change) 12. (a) Books of account maintained. (In case books of account are maintained in a computer system, mention the books of accounts generated by such computer system) (b) List of books of account examined. (c) Method of Accounting followed and brief particulars of change, if any. (d) Method of valuation of stock and brief particulars of Change, if any. 13. Classes of main goods dealt with by the dealer (Schedule entry wise classification of goods for sale as claimed by the dealer/person.) Sl.No. Goods Covered by Schedule Entry at 14. Particulars of main operating bank accounts: Name of Bank Branch Address Account Number PART - B 15. Gross Turnover of Sales and Purchases: Particulars Sales Rs. Purchases Rs. Sales/Purchases including sales and purchases/receipts and payments of account of hire purchases etc. within the State of J&K Add: Goods returned debited/ credited to accounts Excise collected separately not credited to Sales A/c. Output Tax collected separately not credited to Sales A/c and input tax credit availed credited to Purchase A/c Prevailing market price of sales/purchases under hire purchase Sales/purchases of capital goods Other sales/purchases Other adjustments (if any), specify TOTAL (A) Less: Hire charges received/paid included above Goods returned in the prescribed manner gross of tax Other adjustments (if any), specify OUTPUT TAX COLLECTED VAT CST TOTAL TURNOVER UNDER ACT (B) Less: Turnover of tax free goods within State Turnover of export/import or in the course of export/Import outside the country Inter State sales Inter State Branch transfer/ consignment Sales BALANCE TURNOVER (C) 16) DETERMINATION OF OUTPUT TAX ON SALES RATE OF TAX TURNOVER OUTPUT TAX 1% 4% 12.5% TOTAL 17. DETERMINATION OF TAX ON PURCHASES Balance Turnover of purchases as per 15(C) above Less : Turnover from dealer registered U/s 25 of the Act Turnover from other registered dealers Balance Turnover liable to tax (A) Rate of Tax Turnover Tax 1% 4% 12.5% TOTAL (B) 18. DETERMINATION OF INPUT TAX 18A. ON CAPITAL GOODS AND LEASING TRANSACTIONS Rate Turnover Input Tax for the year B/F from previous year Reverse Tax (if any) C/F to next year Admissible input tax credit for the year 1% 4% 12.5% TOTAL 18B. ON OTHER THAN CAPITAL GOODS AND LEASING TRANSACTIONS Rate of Tax Turnover Input Tax Reverse Tax Balance Input Tax 1% 4% 12.5% TOTAL 18C. ADMISSIBLE INPUT TAX CREDIT FOR THE TAX PERIOD On Capital Goods and Leasing Transactions for the year as per 18A above On other Goods Brought forward from previous year For the year As per 17B above TOTAL Less: No credit since sales are tax free Deduction on A/c of Interstate Branch Transfer/consignment sales NET INPUT TAX CREDIT AVAILABLE FOR THE YEAR 19. TAX LIABILITY Output Tax for the year Less :Input Tax credit for the year Tax on Purchases (As per 17 above) BALANCE Less : Tax Paid during the year Balance Dues/Credit Add: Interest payable under the Act for delayed payment of tax 20. TURNOVER DISCLOSED IN RETURN S.N o. Particulars Qtr I Qtr II Qtr III Qtr IV TOTAL 1 Total sales 2 Total Deductions 3 Balance Turnover 4 Total Output Tax 5 Total Purchases 6 Total Deductions 7 Balance Turnover 8 Taxable Turnover 9 Tax on purchases 10 Total Tax Payable (4+9) 11 Total Input Tax Credit availed 12 Amount of tax paid during the period 21. Give reconciliation for differences in taxable sales/purchases, tax liability and input tax credit as per books and as disclosed in return. 22. Whether there is delay in payment of tax. If so, please give particulars: S.No. Due Date Date of Payment Amount Delay Interest payable 23. Whether there is delay in filing of returns: S.No. Period of Return Due Date Date of Filing Reasons, if any as given by the dealer/per son 24. Give debit sales effected as commission agent, in the following proforma: Name of Principal TIN No. Total Sales Output,if any & Address (if any) GST/CST PART ? C EXPORT SALES: 25. Whether all declaration forms for export are available on record. If not, give details. Sl.No. Invoice No. Date Name of Party Amount (Rs.) PART ? D INTERSTATE SALES: 26. Whether Interstate sales claimed as liable to tax are supported with declarations in Form `C'. If not give details: Sl.No. Invoice No. Date Name of Party Amount (Rs.) 27. Whether interstate sales claimed as exempt under Section 6(2) of Central Sales Tax Act, 1962 are supported with declarations, if not give details: (A)Sales Wanting S.No. Invoice No. Date Name of Party Amount Declaration ???????? (B) Purchases Wanting S.No. Invoice No. Date Name of Party Amount Declaration 'E1'/'E2' 28. Whether all Interstate Branch transfers/consignment sales are supported with declaration in Form `F'. If not, give details: Sl.No. Invoice No. Date Name of Party Amount (Rs.) 29. Total taxable interstate sales, as per books of account: 30. Central Sales Tax payable: 31.Details of taxable sales shown in return: Particulars Sales Tax payable Tax paid Quarter I Quarter II Quarter III Quarter IV TOTAL 32.Give reconciliation of difference in taxable sales as per books and as per return. 33.Whether there is delay in filing of returns. If so, give details: S.No. Particulars Due date for filing Date when filed 34.Whether there is delay in payment of tax. If so, give details: S.No. Due Date Date of Purchase Amount Delay Interest Payable PART - E INPUT TAX ADJUSTMENTS INFORMATION (In case Input Tax Credit is more than Output Tax) Balance Credit Less : Adjustments : Against any dues under the J&K VAT Act,2005 1)Period ___________to___________Order ref.________ 2) Against any dues under Central Sales Tax Act, 1956 Period _________ to _________ order ref.________ 3) Refund claimed on account of export sales 4} Refund claimed in terms of Section 22 Balance Input tax credit on other goods carried Forward to next year Balance Input Tax credit on Capital Goods carried forward to next year. I certify that the above particulars are I/We certify that particulars stated true and correct to the best of my above are verified by me/us from knowledge and belief. Books of accounts and are true and correct. ________________________ ________________________ Sig. of dealer or his business manager Sig. of dealer or his business Manager Name: ___________________ Name____________________ Designation: ______________ Designation. _____________ For Chartered Accountant/ Cost and Works Accountant (Name) (Proprietor/Partners) Membership Place: Place Date: Date:
