Regan Kapoor & Company

903, 9th Floor, GD-ITL, North Ex Tower, Netaji Subhash Place, New Delhi-110034

caregankapoor@gmail.com

+91 9811138061

MADHYA PRADESH VAT RULES, 2005

MADHYA PRADESH VAT RULES, 2005

TABLE OF CONTENTS

Rules	Particulars
	CHAPTER I
	Short Title and commencement
	Definitions
	CHAPTER II
	Appointments
	Constitution of the Appellate Board and its functions
	CHAPTER III
	Limit of turnover under sub-section (1) of section 5 and limit of aggregate amount of purchase prices under clause (b) of sub-section (2) of section 10:-
	Initiation of proceedings for determination of liability
	Manner of proving payment of tax by the contractor
	CHAPTER IV
	Composition of tax
	Claiming by or allowing to a registered dealer or a person other than a registered dealer rebate of input tax under sections 14
	CHAPTER V
	Period for making an application for grant of registration certificate under section 17
	Application for grant of registration certificate
	Grant of Registration Certificate
	Grant of duplicate copy of registration certificate
	Supply of certified copies of registration certificate and its exhibition
	Information under Sub-section (8) of section 17
	Amendment of registration certificate
	Information on the death of a dealer
	Cancellation of registration certificate under sub-section (10) of section 17
	Submission of registration certificate for cancellation
	Furnishing of security under clause (a) of sub-section (12) of section 17
	CHAPTER VI
	Returns
	Monthly Returns
	Revised returns
	Terms and conditions subject to which exemption to any dealer from furnishing returns may be granted.
	Terms and conditions subject to which permission to furnish return for different period may be granted
	Notice under sub-section (5) of section 18
	Production of documents
	Manner of tax audit
	Notice under sub-section (4) of section 20
	Selection of dealers for re-assessment under sub-section (2) of section 20 A
	Manner of assessment, re-assessment and imposition of penalty
	Notice under sub-section (6) of section 17, sub-section (8) of section 24, sub-section (2) of section 40, sub-section (6) of section 55 and rule 81
	Form of order of assessment and/or penalty
	Assessment case record
	Enrollment of tax practitioners
	Payment of tax
	Method of payment
	Fraction of a rupee to be rounded of
	Reconciliation of payments
	Notice of demand for payment of any sum due under the Act
	Recovery of tax, penalty, interest or any other sum payable under the Act.
	Notice for recovery of modified amount under sub-section (12) of section 24
	Report of recovery of tax, penalty or any other amount
	Notice of demand and payment of tax in advance of assessment and the manner of its payment
	Payment of sums deducted under section 26, and issue of a certificate under section 27
	Notice for recovery from third parties
	Procedure for forfeiture of the amount collected by way of tax in contravention of the provisions of sub-section (1) of section 35 and for refund of such amount
	CHAPTER VII
	Refund by cheque or by refund payment order
	Refund adjustment order
	Submission of refund adjustment order with the returns
	Intimation of book numbers
	Order sanctioning interest on delayed refund
	Interest payment order
	CHAPTER VIII
	Furnishing of audit report by certain dealers and conditions for requiring a dealer or class of dealers to maintain accounts in different form and manner
	Particulars required in a bill, invoice or cash memorandum
	CHAPTER IX
	Delegation of Commissioner's powers
	Service of notice, summons and orders
	CHAPTER X
	Filling of memorandum of appeal
	Stay of recovery of the remaining amount
	Summary rejection
	Hearing
	Notice to person likely to be affected adversely
	Supply of copy of order to the appellant and the officer concerned
	Fees
	Notice for rectification of mistake under section 54
	CHAPTER XI
	Production of documents and furnishing of information by dealers
	Request requisitioning the services of a police officer
	Retention of seized books of accounts, registers and documents
	Form of notice and Procedure for release or disposal by way of sale of goods seized under sub-section (6) of section 55
	Establishment of check posts and erection of barriers
	Submission of declaration in case of a person
	Records to be maintained and particulars to be furnished by the person transporting any goods notified under sub-section (3) of section 57
	Inspection and search of a vehicle transporting goods
	Procedure for seizure and release of goods / vehicle and disposal of good by sale
	Procedure for obtaining and keeping record of the declaration form 49
	Transit of goods by road through the state and issue of transit pass
	Particulars to be given in the documents required to be carried by a transporter under sub-section (2) of section 60.
	Furnishing of a declaration under sub-section (1) of section 61
	Intimation to be given by clearing, forwarding, booking agent, dalal and person transporting goods
	CHAPTER XII
	Issue of tax clearance certificates
	Procedure for determination of disputed questions under section 70
	Option to pay a lump-sum amount in lieu of penalty levied under section 21, 52, 55 and 57
	Claiming by or allowing to a registered dealer rebate of input tax under section 73
	Acceptance of declaration or certificate
	Imposition of penalty for breach of rules
	Repeal

What We Do

Our Services

Direct Taxes

All areas of taxation : Personal Tax, Corporate Tax. | Suggesting legal structure of business entities. | Transactional advisory - optimal deal structure | T

Indirect Taxes

Advising client on establishment of indirect tax management system, in all areas i.e. GST Audit, Customs, Foreign Trade P

Auditing and Assurance Service

We are blessed with team of qualified chartered accountants highly efficient in auditing and assurance services. Our wide range of services are aimed for financial sta

Accounting Services

We offer highly efficient accounting services which are provided by us for our local, national and international clients. We also offer design, implementation and revi