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

Concessional VAT rate on raw materials may trigger payment on stock transfers and affect input tax credit eligibility.
Raw materials and packing materials may be purchased at a concessional VAT rate against Form 11 if the goods are listed in the dealer's registration certificate and included in the bill of material. Where manufactured goods made from concessional inputs are stock transferred, a tax adjustment equal to the concessional levy on the stock transfer value becomes payable, and the allowability of input tax credit in such cases follows the statutory rule governing input tax credit and its proviso; historical calculation methodology differed previously and its input credit treatment is queried.