Uttrakhand VAT Act, Form 3 B/Form 11 - Rules & Procedures

[PAWAN KUMAR SHARMA]

We have a plant at Haridwar and from haridwar we are procuring most of our raw materials & packing materials.

We want to know the procedure to get the same at concessional rates (From 4.5% to 2 %) against Form 3B/ Form 11. Presently, we have 95% as stock transfer and 5% as sale in Uttrakhand.

1. The eligibility & procedure to get the raw materials & packing material at concessional rates ?

2. Is there any specific limit/restiriction for using Form 3B/Form 11, in relation to Stock Transfer Vs Sales in Uttrakhand, pls advice ?

 

AI Summary

Company's High Stock Transfers Affect Input Tax Credit Eligibility Under Section 6(3) of Uttarakhand VAT Act A company with a plant in Haridwar inquired about obtaining raw and packing materials at concessional rates under the Uttarakhand VAT Act using Form 3B/Form 11. They primarily transfer 95% of manufactured goods as stock and sell 5% locally. Respondents advised that while Form 11 allows for a 2% concessional rate, it is not advisable due to the high stock transfer percentage. If used, the company must pay 2% on stock transfers, affecting input tax credit eligibility as per Section 6(3). The original poster further questioned the input tax credit availability for the tax difference before January 7, 2010.