Download Andhra Pradesh Vat Form Vat 250: Application for Opting Composition of Tax Payable by the Dealer under Apvat Act 2005
As per Andhra Pradesh VAT rule 17(3) (c), 17(4) (b) & 19(5) In the case where the VAT dealer opts for composition he shall, before commencing the execution of the work notify the prescribed authority on Form VAT 250 of the details including the value of the contract on which the option has been exercised, and when the VAT dealer opts to withdraw from composition, he shall notify the prescribed authority on Form VAT 250A. In the case where the VAT dealer opts for composition he shall, before commencing the execution of the work notify the prescribed authority on Form VAT 250 of the details including the value of the contract on which the option has been exercised, and when the VAT dealer opts to withdraw from composition, he shall notify the prescribed authority on Form VAT 250A. {5) a) Any VAT dealer opting to pay tax by way of composition under sub-section (9) of Section 4, shall apply for composition on Form VAT 250 to the prescribed authority.
b) Such dealer shall be liable to pay tax at the rate of twelve and half percent (12.5%) on sixty percent (60%) of the total amount of consideration charged, from the first day of the month in which the application for composition is made. The liability to tax shall continue till the end of the month in which the application for withdrawal of composition is received.}
