Application Form for Opting Composition by an eligible works contractor in respect of Scheme as notified by Government under sub section (12) of section 16

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....16 1. TIN Ward No. 2. Full Name of Applicant Dealer 3. Full Address of Dealer 4. Year with effect from which composition scheme is sought* - * hereinafter referred to as "current year" 2.5% of the turnover 5. Applicable rate of composition amount ** 3% of the turnover ** please tick in the appropriate box 6. Turnover in the preceding year (Rs.) 7. Estimated Turnover in the current year (Rs.) 8. Tax Payable on (i) Opening Stock held on the first day with effect from which scheme is being opted (ii) Capital Goods (in respect of which ITC has been claimed in preceding three years, which is to be reversed)Description*Tax Payable (Rs.) (i) Trading Stock (lii) Raw material (iii) Packaging Material (iv) Finished Goods (v) Capital Go....

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....or which is being opted) (iii) Details of Packaging Material Rate wise details of the Purchase Packaging Material(Rs.)ValueFair Market Value* (Rs.)Tax Payable (Rs.) A Goods taxable at 1% BGoods taxable at 4% C Goods taxable at 12.5% D Goods taxable at 20%Carry to field ETotal(7)(iii) of part A Rate wise details of the Purchase Packaging Material (* As at opening day of the period for which is being opted) (iv) Details of Finished Goods Rate wise details of the Finished GoodsPurchase(Rs.)ValueFair Market Value* (Rs.)Tax Payable (Rs.) AGoods taxable at 1% BGoods taxable at 4% CGoods taxable at 12.5%to field part A DGoods taxable at 20%Carry (7)(iv) of ETotal to field part A Carry (7)(iv) of (* As at opening day of the period for w....

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....f the Stock held on the first day [i.e. on _____________(date)] of the period for which the composition is sought (i) Details of Trading Stock Rate wise details of the Trading Stock Goods taxable at 1% Goods taxable at 4% Goods taxable at 12.5% Goods taxable at 20% E Total Purchase Value (Rs.) (* As at opening day of the period for which is being opted) (ii) Details of Raw Material Rate wise details of the Raw Material Goods taxable at 1% Goods taxable at 4% Goods taxable at 12.5% Goods taxable at 20% E Total Purchase Value (Rs.) Carry to field (7)(ii) of part A (* As at opening day of the period for which is being opted) (iii) Details of Packaging Material (* As at opening day of the period for which is being opted)....