![FORM VAT 120
Page - 1
[See Rule 138(4) , 139(4) & 140(4)]
COMPOSITION TAX RETURN UNDER THE VAT ACT, 2003
(Please fill-up Box No 2/3/4 whichever is applicable)
1) General Information
1.1) Name : 1.3.) TIN :
1.2) Address: 1.4) Year :
Orginal/Revised/Final
1.5) Type of Return :
1.6) L.V.O / V.S.O :
2) For Trader. Manufacturer, Processor, Hoteliers, Res taurateurs, Caterers, Sweetmeat Stall, Ice Cream parlours and
Bakery
Particulars
Amount in (Rs)
2.1) Total Turnover/Total consideration in the period
2.2) URD Purchase liable to tax u/s 3(2)
2.3) Balance Turnover liable for Composition Tax (Box no.2 .1 – Box No.2.2)
Sl.No. Classification Rate Amount(Rs.) TAX (Rs.)
2.4) Composition rate of tax at 1%
2.5) Composition rate of tax at 4%
2.6) URD purchases liable to tax at 4%
2.7) URD purchases liable to tax at 12.5%
2.8) URD purchases liable to tax at other
rates
2.9) Total Tax Due (Total of Box No.204 to Box No.208)
2.10) Tax Paid
2.11) Tax paid particulars Ch./DD/Challan No:.___________________Date:__________ Bank:_________________
I/We hereby declare that the particulars furnished above are ture and complete in all respects.
Date : Signature :
Place : Name and designation :
Status :
3) For a dealer having mechanized stone crushing unit
Size of Crushing
Machine
Number of
Crushing
Machine
Tax Per machinery (in case of
Granite Metal Crushing unit)
Tax Per machinery (in case of
non-granite Metal Crushing
unit)
Total Tax Liability
(Rs)](https://image.slidesharecdn.com/vatform120-101023021928-phpapp02/85/Vatform120-1-320.jpg)
Vatform120
- 1. FORM VAT 120 Page - 1 [See Rule 138(4) , 139(4) & 140(4)] COMPOSITION TAX RETURN UNDER THE VAT ACT, 2003 (Please fill-up Box No 2/3/4 whichever is applicable) 1) General Information 1.1) Name : 1.3.) TIN : 1.2) Address: 1.4) Year : Orginal/Revised/Final 1.5) Type of Return : 1.6) L.V.O / V.S.O : 2) For Trader. Manufacturer, Processor, Hoteliers, Res taurateurs, Caterers, Sweetmeat Stall, Ice Cream parlours and Bakery Particulars Amount in (Rs) 2.1) Total Turnover/Total consideration in the period 2.2) URD Purchase liable to tax u/s 3(2) 2.3) Balance Turnover liable for Composition Tax (Box no.2 .1 – Box No.2.2) Sl.No. Classification Rate Amount(Rs.) TAX (Rs.) 2.4) Composition rate of tax at 1% 2.5) Composition rate of tax at 4% 2.6) URD purchases liable to tax at 4% 2.7) URD purchases liable to tax at 12.5% 2.8) URD purchases liable to tax at other rates 2.9) Total Tax Due (Total of Box No.204 to Box No.208) 2.10) Tax Paid 2.11) Tax paid particulars Ch./DD/Challan No:.___________________Date:__________ Bank:_________________ I/We hereby declare that the particulars furnished above are ture and complete in all respects. Date : Signature : Place : Name and designation : Status : 3) For a dealer having mechanized stone crushing unit Size of Crushing Machine Number of Crushing Machine Tax Per machinery (in case of Granite Metal Crushing unit) Tax Per machinery (in case of non-granite Metal Crushing unit) Total Tax Liability (Rs)
- 2. 3.1) 39’ X 9’ Rs. 16,500.00 Rs. 10,000.00 3.2) 16’ X 9’ Rs. 8,250.00 Rs. 5,000.00 3.3) 12’ X 9’ Rs. 4,000.00 Rs. 3,000.00 3.4) Total Tax Due 3.5) Tax Paid 3.6) Tax Paid Particulars: Ch./DD/Challan No.______________Date:_____________Bank:_______________ I/We hereby declare that the particulars furnished above are true and complete in all respects. Signature:________________Name: ________________Status:________________Date:____ Page - 2 4) For Works Contractors who purchases/obtains goods locally as well as from outside the State/Country Particulars Amount (Rs) 4.1) Total consideration pertaining to works contract including the turnover of traded goods Less: 4.2) Sub contractor's turnover 4.3) Value of Goods Purchased /obtained from outside the state/country and transferred in the execution of works contract. 4.4) Turnover of Traded goods 4.5) Balance turnover of works contract SL.No. Classification Rate Amount(Rs) TAX (Rs) 4.6) Turnover liable for works contract (refer Box No.4.5) 4% 4.7) Turnover of Traded goods (refer Box No.4.4) 4% 4.8) Turnover of Traded goods (refer Box No.4.4) 12.5% 4.9) Value of goods purchased/obtained outside the State/Country (refer Box No.4.3) 4% 4.10) Value of goods purchased/obtained outside the State/Country (refer Box No.4.3) 12.5% 4.11) Total 5) Details of Tax Payment 5.1) Tax Payable 5.2) TDS (certificate enclosed) 5.3) Balance (Box 5.1 – 5.2)
- 3. 5.4) Tax paid 5.5) Tax paid particulars Ch./DD/Challan No:_________________Date:___________Bank________________ I/We hereby declare that the particulars furnnished above are true and complete in all respects. Signature:_______________Name: ________ ______Status:________________ Date:_________ Page - 3 6 ENTRY TAX (Applicable to dealers’ who are liable to tax under the K arnataka Tax Tax on Entry of Goods Act, 1979) 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 6.10 7 TOTAL PURCHASES : Value of goods liable for entry tax both Local, Interstate and Imports including freight and inward expenses : _________________________ LESS: Purchases within the local Area, Purchases against Form -40 Purchase Returns, Re-exports : ___________________________ Others : ___________________________ TAXABLE TURNOVER : ___________________________ CALCULATION OF ENTRY TAX PAYABLE Description of Goods Taxable Value Tax Payable Goods Taxable @ 1% Goods Taxable @ 2% Goods Taxable @ 5% Goods Taxable (others) TOTAL Tax paid particulars:- Rs. __________ Cash/DD/Challan No: _____________ Date: __________ Bank: ________ I/We declare that the particulars furnished above are true and complete in all respects. Place : _______________ Signature : Date : _________________ Name and designation/Seal : Incomplete forms will be deemed to be invalid and penalties relating to non-filing will apply. Note: If the Return is not applicable then it can be written as ``N.A” SPECIAL ENTRY TAX (Applicable to dealers who are liable to tax under the Karnataka Special Tax on Entry of certain Goods Act, 2004)
- 4. 7.1 7.2 7.3 TOTAL PURCHASES: Value of goods liable for KSTECG both Local, Interstate and Imports including freight and inward expenses : __________________________ LESS: a) Exemption (Please specify) : __________________________ b) Purchase Returns : __________________________ c) Re-exports : __________________________ d) Others : __________________________ TAXABLE TURNOVER : ___________________________ Description of the Notified Goods Taxable Value Tax Payable 7.4 Goods Taxable @4% 7.5 Goods Taxable @ 12.5% 7.6 Goods Taxable (others) 7.7 TOTAL 7.8 Less: CST Paid as per Section 4(2) of KSTECG Act 7.9 Balance Tax Payable 7.10 Tax Paid particulars : Rs._____________Cash / DD / Challan No: _____________ Date : _______ Bank:______ I/We declare that the particulars furnished above are true and complete in all respects. Place :______________________ Sign ature : Date : ______________________ Name & Designation / Seal : Incomplete forms will be deemed to be invalid and penalties relating to non -filing will apply. Note : If the Return is not applicable then it can be writte n as “N.A.”