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Notional calculation for sales exemption if Form C and Form IX submitted

VAT and Sales Tax - Started By: - NAUSHERAWAN SM - Dated:- 13-7-2016 Last Replied Date:- 15-7-2016 - Sir,We are manufacturing MV Parts and Excavator Parts. The sales tax exemption granted by the Jharkhand state under S.O. 479 and S.O. 481 of Bihar finance Act. We had availed sales tax exemption benefit from 2000-01 to 2005-06 and accordingly VAT assessment conducted as per our books and record and return submitted. The supply made to registered dealer who was registered under rule 13(1) B of Bih .....

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ot submitted statutory forms. The depart has re-assessed our records for all period and demanded huge tax on us.Let me know whether statutory forms is required for notional calculation on concessional rate of tax. The notification S.O. 479 and 481 does not say that statutory forms is mandatory for notional calculation on concessional rate of tax.Regards,S.M.NausherawanAGM (Indirect Taxes)RSB Transmissions (I) Ltd.Jamshedpur. - Reply By Ganeshan Kalyani - The Reply = Sir, a Notional tax benefit i .....

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