Download Kerala VAT FORM NO.6: Security Bond under the Kerala Value Added Tax Rules, 2005
As per Kerala vat rule 19(2) & 67(4)
As per rule 19(2)- The security or additional security may be furnished by the dealer in any of the following ways, namely: –
(a) by depositing as security in the Government Treasury the amount fixed by the said authority and pledging the pass book to and depositing it with the said authority; or
(b) by depositing with the said authority Government securities for the amount fixed by the said authority; or
(c) by depositing security amount in the Post Office Savings Bank and pledging the pass book to and depositing it with the said authority; or
(d) executing a security bond for such amount in Form No.6 with two sureties, solvent enough or the amount assured and acceptable to the said authority; or
(e)by a bond prescribed under rule 85 for the amount fixed by the said authority in Form No. 6A, duly registered, along with title, possession and valuation certificates obtained from the Tahsildar concerned and the value of property shall not be lower than the amount, shown in the bond, or
(f) by means of a bank guarantee in form No.6 C, from a nationalized or scheduled bank, or of any bank authorised under Rule 25 or of any branch thereof located in the State.
As per rule67(4)- (a) The security referred to in sub-section (2) of section 47, other than that referred to in the first proviso to the said sub section, shall be furnished in any of the ways specified in clauses (a) to (c) and (f) of sub-rule (2) of Rule 19 or by depositing the amount with the officer referred to in sub-rule (1). (b) The security referred to in the first proviso to sub section (2) of section 47 shall be in Form No.6. Where such bond is required to be furnished with sureties, the sureties shall be identifiable and solvent enough for the amount assured.