Vous êtes sur la page 1sur 7

FORM VAT-20

Annual Statement by a Taxable Person


(See Rule 40)
________________________________________________________________________________
VRN: 0804103651
For period: From 01/04/2012 to 31/03/2013
Name of the person
: GUUPTA TRADING COMPANY
Address of the person: NAER MAAL ROAD
: BATHINDA-151001 (PUNJAB)
Email Id
: GUPATRADERS@HOTMAIL.COM
Telephone Number(s) : 9041747817
Fax Number(s)
:
-------------------------------------------------------------------------------1.
SALES DETAILS
As per Books As Per Return Difference
-------------------------------------------------------------------------------a) Gross Sales
|
12504375.00|
8455878.00| 4048497.00
b) Less: Sales by the exempted unit
|
0.00|
0.00|
0.00
c) Less: Zero rated sales
|
0.00|
0.00|
0.00
d) Less: Inter-state sale
|
-795525.00|
-522169.00| 273356.00
e) Less: Tax free sales
|
-532214.00|
-189558.00| 342656.00
f) Less: Sales Return, Discounts
|
0.00|
0.00|
0.00
g) Less: Tax Element Incl. in Sales
|
|
|
h) Less: Purchase Value of sale of
|
0.00|
0.00|
0.00
goods from exempted units and sold |
|
|
to persons other thatn tax. person |
|
|
i) Any other Deductions
|
|
|
j) Net sales subject to VAT
|
11176636.00|
7744151.00| 4664509.00
-------------------------------------------------------------------------------2.
PURCHASE
DETAILS
As per Books As Per Return Difference
-------------------------------------------------------------------------------a) Gross Purchases
|
15498235.00|
14478463.00| 1019772.00
b) Less: Imports from outside India
|
0.00|
0.00|
0.00
c) Less: Interstate Purch.& Branch Trf|
-1056344.00|
-1962854.00| 906510.00
d) Less: Purchases from exempt units |
0.00|
0.00|
0.00
e) Less: Tax free Purchases
|
-449527.00|
-48965.00| 400562.00
f) Less: Purchases from person other |
0.00|
-458932.00| -458932.00
than taxable person
|
|
|
g) Less: Purchases against H Form
|
0.00|
0.00|
0.00
h) Less: Purchase liable to Purchase |
-3124895.00|
-2489759.00| 635136.00
Tax u/s.19(1)& 20
|
|
|
i) Less Purchases not eligible for ITC|
0.00|
0.00|
0.00
u/s 13(5)
|
|
|
j) Less: Purchase Returns, discounts |
0.00|
0.00|
0.00
k) Any Other Deductions
|
0.00|
0.00|
0.00
l) Net Purchases eligible for ITC
|
10867469.00|
9517953.00| 3420912.00
-------------------------------------------------------------------------------3.
OUTPUT TAX
As per Books As Per Return Difference
-------------------------------------------------------------------------------a) VAT on net taxable sales
|
487325.00|
328264.00| 159061.00
b) Add: Purchase Tax on turnover
|
156912.00|
102792.00|
54120.00
c) Add/Less: Prior Period net Adjuste-|
0.00|
0.00|
0.00
ment of output tax
|
|
|
d) Total Output tax
|
644237.00|
431056.00| 213181 .00
-------------------------------------------------------------------------------4.
INPUT TAX CREDIT
As per Books As Per Return Difference
-------------------------------------------------------------------------------a) ITC b/f from previous year
|
21189.00|
14628.00|
6561.00
b) Add: Install. of ITC on stock held |
0.00|
0.00|
0.00
c) Add: TDS against TDS certifcate
|
0.00|
0.00|
0.00
d) Add ITC on purchases during the yr.|
379461.00|
214978.00| 164483.00
e) Add: ITC,on goods rec.from job work|
0.00|
0.00|
0.00
f) Add/Less Prior Period Adjustment
|
0.00|
0.00|
0.00
g) Add: Any Other Please Specify
|
0.00|
11492.00| -11492.00
Purchase Tax Eligible for ITC |
174196.00|
102792.00|
71404.00
Page 1 of 7 (GUPTA TRADING COMPANY- F. Yr.: 2012-2013)

h) TOTAL INPUT TAX CREDIT AVAILABLE

574846.00|

343890.00|

230956.00

i) Less: Apportionment of ITC for


|
0.00|
0.00|
0.00
mfg. of tax free goods
|
|
|
j) Less: Apportionment of ITC on a/c |
0.00|
0.00|
0.00
of branch tranfer
|
|
|
k) Less: Apportionment of ITC u/s 13(4|
0.00|
0.00|
0.00
l) Less:ITC on goods sent for Job Work|
0.00|
0.00|
0.00
m) Less: Reversal of ITC
|
0.00|
0.00|
0.00
n) Less: Any Other (Please Specify)
|
0.00|
0.00|
0.00
o) Total (i+j+k+l+m+n)
|
0.00|
0.00|
0.00
p) Net Input Tax Credit
|
574846.00|
343890.00| 230956.00
-------------------------------------------------------------------------------5. Goods Purchases from Exempted Units
As per Books As Per Return Difference
-------------------------------------------------------------------------------NOT APPLICABLE
-------------------------------------------------------------------------------5A.
NOTIONAL INPUT TAX CREDIT
As per Books As Per Return Difference
-------------------------------------------------------------------------------NOT APPLICABLE
-------------------------------------------------------------------------------6. TAX PAYABLE/EXCESS ITC
As per Books As Per Return Difference
-------------------------------------------------------------------------------a) Total Tax Payable [as per 3(d)]
|
759842.00|
546545.00| 213297.00
b) Less: Monthly Tax Paid
|
|
|
(i) 1st Month of the Quarter
|
0.00|
0.00|
0.00
(ii) 2nd Month of the Quarter
|
0.00|
0.00|
0.00
c) Less: Net ITC as per col 4 (p)
|
-604169.00|
-389678.00| 214491.00
d) DIFFERENCE(a-b-c)
|
136925.00|
52289.00|
84636.00
e) Excess ITC,after adjustement in (c)|
0.00|
0.00|
0.00
(i)Actual
:
0.00
|
|
|
(ii)Notional :
0.00
|
|
|
f) CST Liability for the year
|
0.00|
14922.00| -14922.00
g) DIFFERENCE(e-f)
|
0.00|
-14922.00|
14922.00
h) Excess ITC,after adjustement
|
0.00|
0.00|
0.00
(i)Actual
:
0.00
|
|
|
(ii)Notional :
0.00
|
|
|
i) Less ITC claimed as refund
|
0.00|
0.00|
0.00
j) Excess ITC,after adjustement
|
0.00|
0.00|
0.00
(i)Actual
:
0.00
|
|
|
(ii)Notional :
0.00
|
|
|
-------------------------------------------------------------------------------7.
DETAILS OF TAX PAYMENT DURING THE RETURN PERIOD
-------------------------------------------------------------------------------Challan No| Date
|
Bank/Treasury
|BranchCode|
Amount
----------|----------|-------------------------------|----------|--------------0039 (90%)|
|
|
|
|12/04/2012|STATE BANK OF PATIALA
|0120039
|
1647.00
|05/06/2012|STATE BANK OF PATIALA
|0120039
|
4896.00
|24/09/2012|STATE BANK OF PATIALA
|0120039
|
2369.00
|24/10/2012|STATE BANK OF PATIALA
|0120039
|
21289.00
|30/11/2012|STATE BANK OF PATIALA
|0120039
|
22059.00
|29/05/2013|STATE BANK OF PATIALA
|0120039
|
32581.00
|18/10/2013|STATE BANK OF PATIALA
|0120039
|
45507.00
PMF (10%)|
|
|24/04/2012|STATE BANK OF PATIALA
|0120039
|
181.00
|05/08/2012|STATE BANK OF PATIALA
|0120039
|
554.00
|24/11/2012|STATE BANK OF PATIALA
|0120039
|
286.00
|24/10/2012|STATE BANK OF PATIALA
|0120039
|
3945.00
|30/11/2012|STATE BANK OF PATIALA
|0120039
|
1125.00
|29/02/2013|STATE BANK OF PATIALA
|0120039
|
3078.00
|18/09/2013|STATE BANK OF PATIALA
|0120039
|
4926.00
------------------------------------------------------------------------------TOTAL
|
144443.00
-------------------------------------------------------------------------------8. FOR UNITS AVAILING EXEMPTION OR DEFERMENT
AMOUNT
-------------------------------------------------------------------------------NOT APPLICABLE
Page 2 of 7 (GUPTA TRADING COMPANY- F. Yr.: 2012-2013)

--------------------------------------------------------------------------------

9. MISCELLANEOUS INFORMATION (WHEREVER APPLICABLE)


AMOUNT
----------------------------------------------------------------------------a) Value of Branch Transfers/Consignment Transfers
|
0.00
b) Value of Commission Sales made by Kacha Arhtiya
|
0.00
c) Payment made to contractor(s) sub-contractor(s)
|
0.00
d) Proof of Payment of TDS
|
0.00
e) Value of Capital Goods purchased from taxable person |
45,963.00
----------------------------------------------------------------------------Declaration: I, solemnly declare that to the best of my knowledge and
belief, the information given on this form is true and correct
----------------------------------------------------------------------------Name
|Om Parkash
|STATUS
|PROPRIETOR
----------------------------------------------------------------------------Signature|
|Dated
|14/10/2013
|
|
|
----------------------------------------------------------------------------Name of Person: GUPTA TRADING COMPANY

VRN: 0804103651

PART B
(INFORMATION TO BE CERTIFIED AS CORRECT BY A CHARTERED ACCOUNTANTS IN CASE
OF DEALERS WHOSE TURNOVER EXCEEDS RS.50 LAKH.)
--------------------------------------------------------------------------10.DETERMINATION OF OUTPUT TAX ON SALES
--------------------------------------------------------------------------Rate of tax
| Turnover
| Output tax
---------------|------------------|---------------------------------------At 4%
|
1,28,12,189.00|
5,12,488.00
--------------------------------------------------------------------------Total
|
1,28,12,189.00|
5,12,488.00
--------------------------------------------------------------------------11. BREAK UP OF ZERO RATED SALES
--------------------------------------------------------------------------(a) Category
| (b) Gross | (c) Less: | (d)Less: | (e) Net Sales
|
sales
| sales return| discount |
--------------------|-------------|-------------|-----------|-------------Sale against H form|
0.00|
0.00|
0.00|
0.00
Export out of India|
0.00|
0.00|
0.00|
0.00
--------------------|-------------|-------------|-----------|-------------12. BREAK UP OF DEDUCTIONS FROM SALES AND PURCHASES
--------------------------------------------------------------------------(a) Deduction from sales for the
|Deduction from Purchase for the
current period
|current period
------------------------------------------|-------------------------------Sales Return |
0.00|PurchaseReturn
|
0.00
----------------------------|-------------|-------------------|-----------Cash/Trade Discount |
0.00|Cash/Trade Discount|
0.00
----------------------------|-------------|-------------------|-----------Amount charged separately |
0.00|
Other|
0.00
as interest for sale by |
|(pl specify nature)|
hire-purchase/installment |
|
|
purchase |
|
|
----------------------------|-------------|-------------------|-----------Cancellation of sales |
0.00|
|
----------------------------|-------------|-------------------|-----------Change in nature of sales |
0.00|
|
----------------------------|-------------|-------------------|-----------Change in sale consideration|
0.00|
|
----------------------------|-------------|-------------------|-----------Value of goods originally |
0.00|
|
purchased from exempt unit |
|
|
----------------------------|-------------|-------------------|-----------Others(PI.specify nature) |
0.00|
|
Page 3 of 7 (GUPTA TRADING COMPANY- F. Yr.: 2012-2013)

----------------------------|-------------|-------------------|-----------Total deductions
|
0.00|
|
0.00
--------------------------------------------------------------------------13.
DETERMINATION OF TAX ON PURCHASE
--------------------------------------------------------------------------Purchase made U/s.19(Schedule H goods|
38,71,119.00
-------------------------------------|------------------------------------Purchase made u/s 20
|
-------------------------------------|------------------------------------Turnover liable to tax.
|
38,71,119.00
--------------------------------------------------------------------------14.
Purchase Tax Payable
--------------------------------------------------------------------------Rate of tax
| Turnover
| Output tax
---------------|------------------|---------------------------------------At 4%
|
38,71,119.00|
1,54,844.00
--------------------------------------------------------------------------Total
|
38,71,119.00|
1,54,844.00
--------------------------------------------------------------------------DETERMINATION OF INPUT TAX
(14A) on capital goods
--------------------------------------------------------------------------Rate | Turnover
| Input tax
| B/f from
| Reverse
|Admissible
|
| for the
| previous
|
tax
|
ITC
|
|
year
|
year
| if any
|For the Year
------|--------------|-------------|------------|------------|------------%|
45993.00|
2051.00|
|
|
2051.00
--------------------------------------------------------------------------Total|
45993.00|
2051.00|
|
|
2051.00
--------------------------------------------------------------------------(14B) on goods other than capital goods
--------------------------------------------------------------------------Rate | Turnover
| Input tax
| B/f from
| Reverse
|Admissible
|
| for the
| previous
|
tax
|
ITC
|
|
year
|
year
| if any
|For the Year
------|--------------|-------------|------------|------------|------------|
|
|
19104.00|
|
19104.00
4%|
8671934.00|
346877.00|
|
|
346877.00
--------------------------------------------------------------------------Total|
8671934.00|
346877.00|
19104.00|
|
365981.00
--------------------------------------------------------------------------14(C) Admissible input tax credit for the year
--------------------------------------------------------------------------(a) On capital goods
as per Col.14A
|
2,051.00
(b) On goods other than capital goods as per Col.14B
|
3,65,981.00
Add: Purchase Tax Eligible for ITC
|
1,54,844.00
--------------------------------------------------------|-----------------(A) Total:|
5,22,876.00
--------------------------------------------------------|-----------------(c) Less:Deduction on A/c of interstate branch transfer|
0.00
/consignment sales
|
--------------------------------------------------------|-----------------(B) Total:|
0.00
--------------------------------------------------------|-----------------Net input tax credit available For the Year
(A+B):|
5,22,876.00
--------------------------------------------------------------------------15. Tax Liability
--------------------------------------------------------|-----------------Output tax for the year
|
7,59,842.00
Less: Input Tax credit for the year
|
-5,22,876.00
Balance: |
2,36,966.00
Less: Tax paid during the year
|
-2,36,966.00
--------------------------------------------------------|-----------------Balance Due/Excess Carried to next year/Refund Applied:|
0.00
--------------------------------------------------------------------------Page 4 of 7 (GUPTA TRADING COMPANY- F. Yr.: 2012-2013)

Page 5 of 7 (GUPTA TRADING COMPANY- F. Yr.: 2012-2013)

OTHER INFORMATION
i) Whether there is delay in payment of tax,if so please give particulars
--------------------------------------------------------------------------Sr.No.| Due date |Dt of Payment|
Amount
| Delay | Interest payable
--------------------------------------------------------------------------1
30/04/2012
19/11/2013
49280.00
200
3000.00
--------------------------------------------------------------------------ii) Whether the person has deducted tax at source and paid the same to the
credit of state government according with the provision of Act and Rules
if there is delay in deposit of tax so deducted,please give detail.
--------------------------------------------------------------------------Sr.|
Particulars
| Amount of | Due date |Date of
No.|
|
Tax
|
of
|payment
|
| deducted | payment |
----------------------------------------------------------------------------------------------------------------------------------------------------iii) whether all declaration for all sales made to the government, claimed
as required under the Act and Rule are received. If not Give Details
Not Applicable
CALCULATION UNDER CENTRAL SALES TAX ACT.
i)

SALE IN COURSE OF EXPORT OUTSIDE THE TERRITORY OF INDIA


Whether all declaration of documents are required under the Pb VAT ACT
and Rules,2012 are available on record.if not,give details.
Nil

ii) INTERSTATE SALES


(a) Whether interstate sale claimed as liable to tax as per section 8(1)
or CST Act are supported with declaration forms C.if not give details
CST Sales Rs 965326/-

C Forms Not available

(b) Whether all interstate branch transfer/consignment sales as supported


with declartion in form F.If not,give details
Not Applicable
iii) Total Taxable Interstate sale,as per Books of Accounts

795525.00

Taxable at 2 % Rs. 965326.00 on which tax amount to Rs. 19307.00

iv) Central Sale Tax Payable


Less CST deposited
Thus net Central sales tax payable is

17231.00
-17231.00
0.00

v) Whether There is delay in payment of tax,if so,give details


Not Applicable
vi)
INPUT TAX ADJUSTMENT INFORMATION
--------------------------------------------------------------------------(IN CASE INPUT TAX CREDIT IS MORE THAN OUTPUT TAX)
BALANCE OF CREDIT
0.00
Less: Adjustment:
(1)

Against dues under the Act


Period: From
/ /
to
Order Ref

(2)

Against any tax penalty interest C.S.T.Act,1956


Period: From
/ /
to
/ /
Order Ref

0.00

(3)

Refund claimed on account of export sales


Date of application
/ /

0.00

Page 6 of 7 (GUPTA TRADING COMPANY- F. Yr.: 2012-2013)

0.00

(4)

Refund application in other cases,if any


Date of application
/ /
TOTAL (1 TO 4)
Balance ITC on other goods carried
forward to next year / Refund Applied

0.00
0.00
0.00

Balance input tax credit on Capital Goods carried


forward next year

CERTIFICATE OF CHARTERED ACCOUNTANT


I/We declare that particulars above are true and correct,I/We have verified
the above particulars of GUPTA TARDING COMAPNY from books of accounts and other
relevant records and certify the same as true and correct.
For Chartered Accountant
Name

: CA Pardeep Kumar

Status : PROP.
Address : Near Ajit road,Bathinda-151001
Date : 14.10.2013
Place : Bathinda

WORK SHEET
1. BREAK UP OF TAXABLE SALES (Other than under Works Contract )AND
PURCHASE IN PUNJAB(Excluding Capital Goods)
--------------------------------------------------------------------------1(a) Rate |1(b) Gross Sales |
VAT
|1(c)Gross Purchase|
VAT
-----------|------------------|------------|------------------|-----------At 4%
|
1,28,12,189.00|
512488.00|
86,71,934.00|
346877.00
-----------|------------------|------------|------------------|-----------Total
|
1,28,12,189.00|
512488.00|
86,71,934.00|
346877.00
--------------------------------------------------------------------------2. BREAK UP OF GOODS SOLD UNDER WORKS CONTRACT : NOT APPLICABLE
3. BREAK UP OF ZERO RATED SALES : Not Applicable
4. PRIOR PERIOD ADJUSTMENTS : Not Applicable
5. ANY OTHER ADJUSTMENTS PLEASE SPECIFY
Documents Attached
==================
1. Copy of Trading A/C, P&L A/C and Balance Sheet

Page 7 of 7 (GUPTA TRADING COMPANY- F. Yr.: 2012-2013)