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  • The Assam Value Added Tax Rules, 2005 Form-76 See Rule 57 Application Form For Determination Of

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THE ASSAM VALUE ADDED TAX RULES, 2005 FORM-76 See Rule 57 APPLICATION FORM FOR DETERMINATION OF DISPUTED QUESTION UNDER SECTION 105 1. Full Name of the Applicant ................................ 2.

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Explanation I- Every person who acts within the state as an agent of a dealer residing outside the state and buys, sells, supplies or distributes goods in the state or acts on behalf of such dealer as,- ( a) A mercantile agent as defined in the Sale of Goods Act.

VAT is a system whereby a taxable commodity is taxed at every point of sale within the state from the stage of production or manufacture within the state, or from the stage of first sale within the state after import from outside the state, to the stage of sale to the consumer, subject to a threshold limit.

The purpose of VAT is to generate tax revenues to the government similar to the corporate income tax or the personal income tax. The value added to a product by or with a business is the sale price charged to its customer, minus the cost of materials and other taxable inputs.

VAT is a system whereby a taxable commodity is taxed at every point of sale within the state from the stage of production or manufacture within the state, or from the stage of first sale within the state after import from outside the state, to the stage of sale to the consumer, subject to a threshold limit.

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.

Once the customer makes a purchase, each person along the production has received a reimbursement for the VAT they paid earlier. This ensures the consumer pays the entire tax.

What Are the VAT Rates for Goods or Services in Assam? SchedulesApplicable Goods or ServicesVAT Rates in AssamSchedule IVFurnace oil5%Schedule VWorks contract14.5%Transactions on lease5%Goods which are does not fall under the previous four schedules14.5%32 more rows • 23 Mar 2023

CHANGE IN THE TAX RATE OF DIESEL (ENTRY NO. 3 ) OF FOURTH SCHEDULE UNDER AVAT ACT, 2003. PARTIAL EXEMPTION TO THE OIL COMPANIES, COVERED UNDER RULE 8(1) OF THE AVAT RULES, 2005 FROM PAYMENT OF TAX PAYABLE ON RETAIL..

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232