Application For Opting For Composition Scheme

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....2. Full Name of Applicant Dealer 3. Nature of Business Leasing Works Contractor Others (specify) Trader Manufac- turer (Tick all applicable) 4. Year for which composition scheme is sought* - * hereinafter referred to as "current year" 5. Turnover in the preceding year(Rs.) 6. Estimated Turnover in the current year(Rs.) Description*Tax Payable (Rs.) (i) Trading Stock (Iii) Raw m....

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....f the Act and Rule 5 of these rules) 1. Dealers opting for the composition scheme would be liable to pay tax @1% on his turnover. 2. The application for opting to pay tax under the composition scheme has to be filed within thirty days from the beginning of the current year. 3. Following class of dealers are not eligible to opt for the composition scheme: - Dealers whose turnover during the pre....

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....the financial year and the option of withdrawal would be available only at the beginning of next financial year. However if the turnover of the dealer exceeds Rs.50 lacs during the year, he shall be liable to pay tax under section 3 on and from the day his turnover exceeds Rs.50 lacs. Such dealer shall intimate the Commissioner within 7n days of his becoming liable to pay tax under section 3. 6. ....

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....o (7)(i) Carry main to form to (7)(i) (* As at 1st April of the current year) (ii) Details of Raw Material as at 1st April, of the current year and tax payable thereon. Rate wise details of the Raw MaterialPurchase Value (Rs.)Fair Market Value* (Rs.)Tax Payable (Rs.) AGoods taxable at 1% BGoods taxable at 4% CGoods taxable at 12.5% DGoods taxable at 20%Carry to main ETotalform to (7)(ii) ....