Get Vat 501

The Vat 501 is a vital form used for filing an appeal against an order of assessment or penalty under the Orissa Value Added Tax Act. This guide will provide comprehensive steps to assist users in successfully completing this form online.

Follow the steps to accurately complete the Vat 501 form online.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Enter the office address in the designated field at the top of the form, ensuring the address is accurate.
3. Provide your Tax Identification Number (TIN) in the specified field.
4. In the 'Name and Address of the Dealer' section, fill in the name of the dealer with the required status (e.g., Sri/Smt.) and the name of the business as recorded.
5. Fill out the principal place of business, including the jurisdiction of the Sales Tax Officer and the specific circle or LTU.
6. In section 04, input your gross turnover and taxable turnover for the tax periods clearly specifying the amounts.
7. Indicate any penalties imposed by entering the amount in the fields provided in section 05.
8. Specify the date you received the order from the Sales Tax Officer in section 06.
9. Detail your gross turnover and taxable turnover under different tax rates as per the attached statement in section 07.
10. Confirm in section 08 if there were any other sales or purchase turnovers during the specified tax period.
11. Provide an explanation in section 09 regarding any failure to apply for registration under the Act.
12. In section 10, express the request for assessment based on the figures presented in the previous statuses.
13. In section 11, state your prayers concerning the annulment of the assessment and penalty or request a fresh assessment.
14. The verification section requires your signature and declaration of the truthfulness of the information provided. Complete this in section 12.
15. Lastly, a table will request information about the tax paid, tax admitted in the return, and the details of Challan/Demand Draft used for payment. Fill this out carefully.
16. Review all entries for accuracy before saving the changes, downloading, printing, or sharing the form.

Complete your Vat 501 form online today to ensure a smooth filing process.