TaxTMI 
TaxTMI 
Rahat for small traders in small towns-Punjab Small Traders Rahat Scheme, 2014
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....ahat for small traders in small towns-Punjab Small Traders Rahat Scheme, 2014<br>By: - AMIT BAJAJ ADVOCATE<br>Value Added Tax - VAT and CST<br>Dated:- 20-2-2014<br><br>Punjab Government u/s 8-A of the Punjab VAT Act, 2005 has legislated Punjab Small Traders Rahat Scheme, 2014. This scheme has been legislated for the retailers of small towns which falls in the Class-II and Class-III categories notified seperately for this purpose. The main features of this scheme are as follows: To whom applicable: The person applying under this scheme should be: (a) Retailer and (b) he does not conduct any business in any corporation or Class-I municipal Towns and (c) his taxable turnover (excluding the turnover of the goods covered under single stage taxation) is less than rupees one crore in a financial year; and (d) he does not conduct any inter-state sale or purchase. Method of Calculating Tax Liability: The tax liability of a person opting under thisScheme shall be as per the following table:- Serial No Taxable turnover (excluding the turnover of goods covered under single stage taxation) Tax Liability 1 Rs.0-Rs.25 lak....
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....hs Rs.5000 2 Rs.25-Rs.50 Lakhs Rs.10000 3 Rs.50-Rs.75 Lakhs Rs.15000 4 Rs.75 Lakhs -Rs.1 crore Rs.20000 Payment of tax under this Scheme.- (1) Any person who has opted this Scheme shall pay the tax due in four equal quarterly installments like any taxable person. (2) If a person opts for this scheme in-between a quarter, then he shall pay the tax on prorata basis. Benefits under the Scheme - (1) Business premises of any person who has opted under this scheme, shall not be inspected without prior permission of the Excise and Taxation Commissioner. (2) Assessment of any person who has opted this scheme, shall not be taken up without the prior permission of the Excise and Taxation Commissioner. If the premises of any dealer has opted this scheme are inspected by any officer of the Department without taking prior permission from the Excise and Taxation Commissioner, in such a case, the dealer may lodge a complaint at a helpline number or e-mail ID specified by the Department for this purpose. The complaint lodged by the dealer shall be promptly looked into and final decision in the matter shall be taken by the Excise and Taxation Commissioner. ....
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....General Conditions of the Scheme - (1) Any dealer who has opted under this scheme will not be entitled for any input tax credit. (2) Any dealer who has opted this scheme will not be entitled to issue any VAT invoice. (3) Any input tax credit available with the dealer on the date he who has opted this scheme, will automatically be reduced to zero. (4) If it is found that any person who has opted this scheme has evaded the tax fraudulently or by misrepresentation of facts, he will be proceeded under the provisions of the Punjab Value Added Tax Act as applicable to a taxable person. Decision to proceed in this manner shall be taken at the level of the Excise and Taxation Commissioner. If a dealer having VAT/TOT number opts this scheme then his VAT/TOT Number shall stand cancelled automatically with effect from the day he opts the said scheme. How to apply under the scheme: Any person desirous of optingfor this scheme/availing the benefits under this scheme shall submit an application as per Annexure 'A' to the Designated Officer. The designated officershall invariably accept the application, unless he has concrete reasons that the acceptance&n....
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....bsp;of the application will lead to substantial tax evasion and shall record the reasons in writing for rejecting the application. After acceptance of the application, the designated officer shall issue a registration certificate (in format given in Annexure 'B') to the applicant. ANNEUXURE 'A' APPLICATION FORM FOR AVAILING BENEFIT UNDER PUNJAB SMALL TRADERS RAHAT SCHEME, 2014. To The Designated Officer, ___________________ ___________________ Sir, I,____________________________________________son/daughter of ________________________,Proprietor/Partner/Managing Director/Karta/ Chairman or any other duly authorised person of M/S_______________________________ Regd. No.__________________, Address_____________________________________, hereby submit that my total Turnover for the year _____________ is Rs.______________(excluding the turnover of the goods covered under single stage taxation). 2. It is submitted that I am liable to pay Rs. __________ as tax on turnover. 3. I hereby undertake to pay this self assessed tax due under this scheme. 4. I, solemnly, declare that the information given by me is true to best of my knowledge,....
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.... belief and records. (Signature) Dated _____________ Name: _____________________ M/S ______________________ &nbs....
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....p; TIN No. ____________________ ANNEXURE 'B' RAHAT CERTIFICATE To ___________________, ___________________ ___________________ Subject :- Registration under Punjab Small Traders Rahat Scheme, 1. Your application under the above Scheme has been accepted. You shall be eligible for all the benefits available under the Scheme and shall be also bound by the terms and conditions of the Scheme. 2. Your Rahat Certificate Number is _________________________ (DISTRICTCODE/WARD NO/RAHAT/Alpha Numeric 4 Digit Number). 3. If your premises are inspected by any officer of the Department without the prior permission of ETC, you may lodge a complaint at a helpline number ______________or e-mail ID _________________. &....
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....nbsp; (Signature of Designated Officer) Dated _____________ Name: _____________________ District:_____________________ The scheme notified can be downloaded here below: Punjab Small Traders Town, 2014 List of Class I, II, and III towns ============= Document 1 GOVERNMENT OF PUNJAB DEPARTMENT OF EXCISE AND TAXATION (EXCISE AND TAXATION-II BRANCH) NOTIFICATION The Jan....
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....uary, 2014 No. .- In exercise of the powers conferred by Section 8-A of the Punjab Value Added Tax Act, 2005 (Punjab Act No. 8 of 2005), and all powers enabling him in this behalf, the Governor of Punjab is pleased to notify the following scheme to be called the Punjab Small Traders Rahat Scheme, 2014 with a view to levy lump sum tax with immediate effect on the traders mentioned in the said scheme and subject to the conditioned as specified therein. SCHEME 1. Eligibility to avail benefits under the Scheme. - Any person, who fulfils the following conditions, shall be eligible to avail benefits under this scheme: (a) he is a retailer; and (b) he does not conduct any business in any Corporation or Class-1 municipal town; and (c) his taxable turnover (excluding the turnover of the goods covered under single stage taxation) is less than rupees one crore in a financial year; and (d) he does not conduct any inter-state sale or purchase. 2. Method of Calculating Tax Liability: The tax liability of a person opting under this Scheme shall be as per the following table :- Serial NoTaxable turnover (excluding the turnover of goods covered under single stage taxation)Tax Liability 1Rs....
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.....0-Rs.25 lakhsRs.5000 2Rs.25-Rs.50 LakhsRs.10000 3Rs.50-Rs.75 LakhsRs.15000 4Rs.75 Lakhs -Rs.1 croreRs.20000 3. Manner of availing benefit under this scheme. - Any person desirous of opting for this scheme/availing the benefits under this scheme shall submit an application as per Annexure 'A' to the Designated Officer. 4. Procedure to be followed by the Designated Officer - (1) The designated officer shall invariably accept the application, unless he has concrete reasons that the acceptance of the application will lead to substantial tax evasion and shall record the reasons in writing for rejecting the application. (2) After acceptance of the application, the designated officer shall issue a registration certificate (in format given in Annexure 'B') to the applicant. 5. Payment of tax under this Scheme .- (1) Any person who has opted this Scheme shall pay the tax due in four equal quarterly installments like any taxable person. (2) If a person opts for this scheme in-between a quarter, then he shall pay the tax on prorata basis. 6. Benefits under the Scheme - (1) Business premises of any person who has opted under this scheme, shall not be inspected without prior permission ....
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....of the Excise and Taxation Commissioner. (2) Assessment of any person who has opted this scheme, shall not be taken up without the prior permission of the Excise and Taxation Commissioner. (3) If the premises of any dealer has opted this scheme are inspected by any officer of the Department without taking prior permission from the Excise and Taxation Commissioner, in such a case, the dealer may lodge a complaint at a helpline number or e-mail ID specified by the Department for this purpose. The complaint lodged by the dealer shall be promptly looked into and final decision in the matter shall be taken by the Excise and Taxation Commissioner. 7. General Conditions of the Scheme - (1) Any dealer who has opted under this scheme will not be entitled for any input tax credit. (2) Any dealer who has opted this scheme will not be entitled to issue any VAT invoice. (3) Any input tax credit available with the dealer on the date he who has opted this scheme, will automatically be reduced to zero. (4) If it is found that any person who has opted this scheme has evaded the tax fraudulently or by misrepresentation of facts, he will be proceeded under the provisions of the Punjab Value Add....
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....ed Tax Act as applicable to a taxable person. Decision to proceed in this manner shall be taken at the level of the Excise and Taxation Commissioner. (5) If a dealer having VAT/TOT number opts this scheme then his VAT/TOT Number shall stand cancelled automatically with effect from the day he opts the said scheme. ANNEUXURE 'A' APPLICATION FORM FOR AVAILING BENEFIT UNDER PUNJAB SMALL TRADERS RAHAT SCHEME, 2014. To The Designated Officer, Sir, son/daughter Director/Karta/ ,Proprietor/Partner/Managing of Chairman person of M/S duly authorised other or any Regd. No. Address hereby submit that my total Turnover for the year is Rs. (excluding the turnover of the goods covered under single stage taxation). 2. It is submitted that I am liable to pay Rs. as tax on turnover. 3. I hereby undertake to pay this self assessed tax due under this scheme. 4. I, solemnly, declare that the information given by me is true to best of my knowledge, belief and records. (Signature) Dated Name: M/S TIN No. ANNEXURE 'B' RAHAT CERTIFICATE To Subject :- Registration under Punjab Small Traders Rahat Scheme, 1. Your application under the above Scheme has been accepted. You shall....
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.... be eligible for all the benefits available under the Scheme and shall be also bound by the terms and conditions of the Scheme. 2. Your Rahat Certificate Number is (DISTRICT CODE/WARD NO/RAHAT/Alpha Numeric 4 Digit Number). 3. If your premises are inspected by any officer of the Department without the prior permission of ETC, you may lodge a complaint at a helpline number or e-mail ID (Signature of Designated Officer) Dated Name: District: D.P. REDDY, Financial Commissioner Taxation and Secretary to Government of Punjab, Department of Excise and Taxation. Document 2 List of Class-I, II and III towns S. NoDistrictsClass-1Class-IIClass-III 1AmritsarJandiala GuruMajitha , Ramdass 2GurdaspurGurdaspur, BatalaDinanagar, DhariwalQuadian, Sri Hargobindpur, Dera Baba, Nanak, Fatehgarh Churian 3PathankotSujanpur 4Tarn TaranTarn Taran, Patti- 5JalandharNakodar, Noormahal, PhillaurKartarpur, Alawalpur, Adampur 6KapurthalaKapurthalaSultanpur Lodhi- 7HoshiarpurDasuya, Mukerian, Urmur Tanda, Garh ShankarGarhdiwala, Hariana Sham Churasi 8Nawan SheharNawan Shehar, BangaRahon, Balachaur 9LudhianaKhanna, JagraonSamrala, Raikot, Sahnewal, DorahaPayal 10Roop NagarNangalRoop Nagar, MorindaAn....
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....andpur Sahib 11Fatehgarh SahibGobindgarhSirhind FG SahibBassi Pathana, Amloh 12PatialaRajpura, NabhaSamana, PatranSanaur, Banur 13SangrurSangrur, Malerkotla, SunamAhmadgarh, Dhuri, LehragagaLongowal, Bhawanigarh 14BarnalaBarnala-Tapa, Bhadaur, Dhanaula 15Ajitgarh (Mohali)Kharar, Zirakpur, DerabassiKurali 16BathindaNilRampuraphul, Bhucho Mandi, Goniana, Maur, RamanKotfatta, Sangat 2 17MansaMansaBudhladhaBareta 18MuktsarMuktsar, MaloutGidderbaha- 19FerozepurFerozpurGuru Har Sahai, Zira, Talwandi Bhai 20FazilkaAbohar, FazilkaJalalabad- 21FaridkotFaridkot, KotakpuraJaito- 22MogaNilBagha Purana, Dharamkot- Total244328 3<br> Scholarly articles for knowledge sharing by authors, experts, professionals ....