Whoever said wishes don’t come true hasn’t explored our offers!
  • Assam VAT

    Assam VAT Overview:

    Each state in India has its own VAT procedures. Assam introduced the Value Added Tax in May 2005. The Assam Value Added Tax Act, 2003 was duly notified on March 15th, 2005 while the Assam Value Added Tax Rules, 2005, was notified on April 26th, 2005. Also, tax on works contract comes within the purview of Assam Value Added Tax Act, 2003. It is important to note that the Assam Value Added Tax Act, 2003 replaces two erstwhile Acts - Assam Taxation (On Luxuries) Act, 1997 and Assam General Sales Tax Act, 1993. Also, dealers with turnover above Rs.1 crore have to get their accounts audited by Chartered Accountants under the Assam Value Added Tax Act, 2003.

    According to experts, tax invoices for input tax credit has resulted in better self-compliance by various dealers in the state, thereby boosting the total revenue of the government of Assam. Input tax credit is allowed on capital goods (except those listed in seventh schedule).

    Assam VAT Rates:

    The tax rate on the purchase and sale of goods are categorised into five schedules. The list of exempted goods under the first schedule are listed below:

    1. Aids used by physically challenged persons
    2. Agricultural implements
    3. Betel nuts and leaves
    4. Aquatic/ cattle/poultry feed
    5. Charcoal
    6. Journals/books
    7. Contraceptives/condoms
    8. Handlooms fabrics including Gandhi Topi
    9. National Flag
    10. Coarse grains
    11. Clay lamps
    12. Curd and buttermilk
    13. Firewood
    14. Fishnet
    15. Silk and cotton yarn
    16. Fresh flowers/saplings
    17. Electrical energy
    18. Aquatic products (not frozen or cured)
    19. Human blood
    20. Musical instruments (handmade)
    21. Paddy
    22. Wool (raw)
    23. Semen (including frozen)
    24. Slate/chalk pencils
    25. Bread
    26. Non-judicial stamp paper
    27. Cheques
    28. Green coconut
    29. Kumkum and alta
    30. Salt (unprocessed or processed)
    31. Sugar
    32. Gamosha
    33. Cart
    34. Tobacco
    35. Bamboo matting
    36. Textiles fabric
    37. Water (not distilled, ionic, demineralised water, medicinal and in sealed containers)
    38. Bread
    39. Organic manure
    40. Clay Idols
    41. Football
    42. Volleyball
    43. Audio cassettes (regional language)
    44. Mekhela chadar
    45. Sago
    46. Puffed rice (muri)
    47. Graph/Laboratory note book
    48. Wheat
    49. Pulses and Cereals sold to Sub-Divisional Officers and Deputy Commissioner of FCI, Assam
    50. Rum sold to Defence Canteens
    51. Candle
    52. Paper envelope
    53. Kerosene lamp
    54. Mosquito net
    55. Onion and garlic
    56. Fresh Turmeric
    57. Anti-malaria drugs (quinine group, artemether and sulfadoxine group among other either in powder, solution or capsular form)
    58. Potato
    59. Suji
    60. Besan
    61. Devices related to renewable energy
    62. Jaggery
    63. Pencils, erasers and sharpeners
    64. Fly shuttle loom
    65. Brass articles

    The list of goods which are taxable at 5% under the second schedule, part A are listed below:

    1. Copyright and replenishment license
    2. Agricultural implements ( not manually operated or animal driven)
    3. All kinds of yarn except silk and cotton yarn
    4. Arecanut powder
    5. All types of bricks
    6. Steel, Aluminium and Brass
    7. Beltings
    8. Bamboo
    9. Beedi leaves
    10. Bone meal
    11. Cycle rickshaws
    12. Castings
    13. Coffee beans
    14. Bulk drugs
    15. Cotton waste
    16. Chemical fertilizers and pesticides
    17. Insect repellents
    18. Goods under Section 14 of Central Sales Tax Act, 1956
    19. Electrodes
    20. Coir products
    21. Electrodes
    22. Fried grams
    23. Hose pipes
    24. Incense sticks
    25. Hosiery goods
    26. Napa slabs
    27. Leaf cups and plates
    28. Plastic footwear
    29. Industrial cables
    30. Bamboo pulp
    31. Minerals and ores
    32. Safety matches
    33. Pure silk fabrics
    34. Printing ink
    35. Tamarind
    36. Solvent oils
    37. Rail coaches
    38. Kerosene (Public Distribution System)
    39. Transmission towers
    40. Skimmed milk powder
    41. Starch
    42. Vanaspati
    43. Umbrella
    44. All types of spices
    45. Writing instruments
    46. Stainless steel sheets
    47. Lignite
    48. Plastic granules
    49. Glass bangles
    50. Khandsari
    51. Processed meat
    52. Knitting wool
    53. Hand tools
    54. Sweets
    55. Tea waste
    56. Dry fruits
    57. Baby bottles
    58. Pure ghee
    59. Jute
    60. Transformers
    61. AAA conductors
    62. Diagnostic kits
    63. Sports goods
    64. Tarpaulin
    65. Glucose
    66. Extra-natural alcohol
    67. Honey
    68. Coal tar
    69. Sanitary napkin
    70. CFL bulb

    The list of goods taxable at 5% under the category of IT products under Part B are listed below:

    1. Electronic calculators
    2. Permanent magnets
    3. Word processing machines
    4. Answering machines
    5. Computer systems
    6. IT software
    7. LCD Panels
    8. Electrical resistors
    9. Signal Generators
    10. Printed Circuits
    11. Liquid Crystal devices
    12. Optical fibre cables
    13. Cathode ray oscilloscopes
    14. Transmission apparatus
    15. Switches
    16. Electronic Integrated Circuits

    The list of goods taxable at 5% under the category of industrial inputs and packing materials under Part C

    1. Vegetable waxes
    2. Denatured ethyl alcohol
    3. Glycerol-crude
    4. Sulphur
    5. Copper ores and concentrates
    6. Aluminium ores and concentrates
    7. Manganese ores
    8. Lead ores and concentrates
    9. Liquid glucose
    10. Tin ores and concentrates
    11. Tungsten ores and concentrates
    12. Precious metal ores and concentrates
    13. Chromium ores and concentrates
    14. Uranium or thorium ores and concentrates
    15. Phenols
    16. Benzole
    17. Xylole
    18. Napthalene
    19. Hydrogen chloride
    20. Oxides of boron
    21. Copper sulphate
    22. Cyanides
    23. Sheets of polyurethane foam
    24. Cartons
    25. Synthetic rubber

    The following table shows the list of goods taxable at special rates under third Schedule:

    Goods

    Tax Rate (paise in the rupee)

    Precious stones

    1

    Gold ornaments

    1

    Goods (declared) under Section 14 of Central Sales Tax Act, 1956

    4

    Bullions (except silver bullions)

    1

    Silver and silver items

    1

    Platinum

    1

    The following table shows the list of goods taxable at first point of sale under fourth Schedule:

    Goods

    Tax Rate (paise in the rupee)

    Petroleum coke

    5

    Petrol

    25.75

    Crude oil

    5

    Diesel

    16.5

    Natural gas

    14.5

    Molasses

    22

    Potato

    2

    Lottery tickets

    22

    Tea

    5

    Pulses

    1

    Bitumen

    5

    Biscuits

    4

    Bamboo

    5

    Kerosene through PDS

    2

    Furnace oil

    5

    The following table shows the list of goods taxable under the fifth schedule

    Goods

    Tax Rate (paise in the rupee)

    Works contract

    14.5

    Goods not covered under the previous four schedules

    14.5

    Lease transactions

    5

    The following table shows the percentage of deduction under the sixth schedule

    Work contracts

    % of deduction as per Section 11( c)

    Fabrication of structural works

    20%

    Civil works such as building construction

    25%

    Installation of cranes

    15%

    Installation of air-coolers/air-conditioners

    20%

    Construction of railway coaches

    20%

    Polishing and printing

    15%

    Assam VAT Registration:

    Dealers can opt for either online or offline VAT registration. Online registration can be done at http://103.8.248.130/AssamTIMS/newVatRegistration.jsp. Form 2 - Application for registration has to be filled out and submitted under Assam Value Tax Rules, 2005. The forms can be download from the official website of the commercial tax department of Assam.

    Assam VAT Forms:

    The following table shows the various types of VAT forms

    Type of forms

    Particulars

    Form 1

    Certificate to be produced by purchasing oil company

    Form 1A

    Certificate to be produced by licensee of the bonded warehouse

    Form 2

    Registration application

    Form 3

    Certificate of registration

    Form 4

    General Registration Number (GRN) application

    Form 5

    Certificate of registration

    Form 6

    Register of certificate of Registration

    Form 7

    Refund of Security application

    Form 8

    Cancellation of registration certificate (application)

    Form 9

    Information to be submitted by transferee

    Form 10

    Registration of transporter

    Form 11

    Certificate of registration for transporter

    Form 12

    Register of certificate issued to transporters

    Form 13

    Tax return

    Form 14

    Annual return of turnover

    Form 15

    Notice to submit returns

    Form 16

    Forfeiture and penalty imposition

    Form 18

    Refund of forfeited amount (application)

    Form 20

    Notice as per section 36 of Assam VAT 2003

    Form 25

    Challan notice for penalty/tax

    Form 35

    Form of return to be submitted by an individual for tax deduction at source

    Form 38

    Refund voucher

    Form 44

    Sale book

    Form 50

    Forwarding note

    Form 60

    Bill of sale

    Form 77

    Statement of tax paid for stock (in hand)

    Assam VAT Return e-Filing and Payment:

    Dealers, registered dealers and unregistered dealer can opt for e-filing through a secured facility at Assam TAX website. E-payments can be made at IDBI Assam payment gateway page. Eligible dealers should obtain digital signatures. Dealers can submit online returns sans digital signatures but should send a signed copy to the assessing authority.

    Frequently Asked Questions:

    1. What is the framework under which VAT is implemented in Assam?

    2. All VAT related activities come under the ambit of Assam Value Added Tax Act, 2003

    3. What are the list of good taxable under the fifth schedule?

    4. The following table shows the list of goods taxable under the fifth schedule

      Goods

      Tax Rate (paise in the rupee)

      Works contract

      14.5

      Goods not covered under the previous four schedules

      14.5

      Lease transactions

      5

    5. Which banks have been given permission to provide the e-payment facility?

    6. The State bank of India, Union Bank of India, IDBI, United Bank of India, HDFC Bank and ICICI Bank provide the e-payment facility.

    7. What are the list of goods taxable under third schedule?

    8. The following table shows the list of goods taxable at special rates under third Schedule:

      Goods

      Tax Rate (paise in the rupee)

      Precious stones

      1

      Gold ornaments

      1

      Goods (declared) under Section 14 of Central Sales Tax Act, 1956

      4

      Bullions (except silver bullions)

      1

      Silver and silver items

      1

      Platinum

      1

    9. What if a dealer fails to submit his returns on time?

    10. In case any dealer does not furnish his tax return on the due date, the prescribed authority may impose a penalty of Rs.100 (per day) from the day of default (up to Rs.10,000).

    TAX
    Forms:
  • reTH65gcmBgCJ7k - pingdom check string.
    reTH65gcmBgCJ7k - pingdom check string.
    This Page is BLOCKED as it is using Iframes.