Download Kerala Vat Form No. 1D

Download Kerala VAT FORM No. 1D: Application for Permission to Opt Payment of Tax at Compounded Rates U/S 8 of the Kerala Value Added Tax Rules, 2005

As per Kerala vat rule 11(1)

Every application for exercising option for payment of compounded tax under section 8 shall be in Form No. 1 D and shall be filed before the assessing authority on or before the 30th day of April every year:

Provided that in case of dealers who become liable to registration under the Act during the course of the year, such option shall be filed along with the application for registration.

As per section 8- Payment of tax at compounded rates:-

Notwithstanding anything contained in section 6 –

(a) (i) any works contractor who is not an importer or a dealer effecting first taxable sale in the State may, at his option, instead of paying tax in accordance with the provisions of the said sections, pay tax at two per cent of the whole contract amount.

(ii) any works contractor, other than those undertaking electrical, refrigeration or air conditioning contracts or contracts relating to supply and installation of plant, machinery, rolling shutters, cranes, hoists, elevators(lifts), escalators, generators, generating sets, transformers, weighing machines, air conditioners and air coolers, deep freezers , laying of all kinds of tiles (except brick tiles) , slabs and stones (including Marble) , and not falling under clause (i) above, may, at his option, instead of paying tax in accordance with the provisions of the said sections, pay tax at six per cent of the whole contract amount.

(b) Any dealer producing granite metals with the aid of mechanized crushing machine may, at his option, instead of paying tax in accordance with the provisions of the said sections, pay tax at the following rates, namely:-

(i) for each crushing machine of size not exceeding 30.48 cm x 22.86 cm = Rs.30,000 per annum

(ii) for each crushing machine of size exceeding 30.48 cm x 22.86 cm but not exceeding 40.64 cm x 22.86 cm = Rs.90,000 per annum

(iii) for each crushing machine of size exceeding 40.64 cm x 22.86 cm = Rs.1,80,000 per annum

(c) Any dealer in cooked food and beverages, including beverages prepared by him, other than a dealer supplying cooked food or beverages to any airline service company or institution or shipping company for serving in air craft, ships or steamer or served in air craft, ship, steamer, bar attached hotel or star hotel may, at his option, instead of paying tax in accordance with the provisions of section 6, pay tax at one percent of the taxable turnover.

(d) Any dealer who transfers the right to use Video Cassette or Computer Disc may, instead of paying tax in accordance with the provisions of section 6, pay tax at the rate of one thousand rupees per year for every main or branch shop situated in any place within the limits of any Municipal Corporation or Municipality and rupees five hundred per year for any main or branch shop situated in any other place or places.

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