Haryana Vat Act has changes in Vat Calculation formula on Diesel and Petrol from 13/14 Dec 2018
The first time in India Haryana Government has changed Rate of Tax by using new type generated formula by percentage or per liter rates whichever he suit fit better for revenue.
Ajab teri nagri Ajb tera khel.
As per amendment No. 102/ST-1 /H.A.6/2003/S.59/2018 dated 12.12.2018
In the Haryana Value Added Tax Act, 2003 (Act 6 of 2003),-
1.
(i) against serial number 3, under column 3, for t f g r a s g s “22.26%” t figures and signs “22.26% or fixed rate of Rs. 14.25 per litre whichever is greater” shall be substituted; and
(ii) against serial number 4, under column 3, for t f g r a s g s “13.24%” t figures and signs “13.24% or fixed rate of Rs. 8.15 per litre whichever is greater” shall be substituted.
2.
(i) against serial number 2, under column 3, for t f g r a s g s “22.26%” t figures and signs “22.26% or fixed rate of Rs. 14.25 per litre whichever is greater” shall be substituted; and
(ii) against serial number 3, under column 3, for t f g r a s g s “13.24%” t figures and signs “13.24% or fixed rate of Rs. 8.15 per litre whichever is greater” shall be substituted.
As per Earlier Vat calculation and Current Calculation of disel is as under
| Disel | Till 13.12.208 | Till 13.12.208 | After 13/14 Dec 2018 | Profit of Revenue | |
| Taxable Amt per liter | 54.02 | 54.02 | |||
| Vat | 13.24% | 7.16 | 13.26% or Rs.8.15 per Liter | 8.15 | 0.99 |
| Surcharge | 5.00% | 0.36 | 0.41 | 0.05 | |
| Total | 61.54 | 62.58 | 1.04 |
As per Earlier Vat calculation and Current Calculation of Petrol is as under
| Disel | Till 13.12.208 | Till 13.12.208 | After 13/14 Dec 2018 | Profit of Revenue | |
| Taxable Amt per liter | 53.58 | 53.58 | |||
| Vat | 22.26% | 12.15 | 22.26% or Rs.14.25 per Liter | 14.25 | 2.10 |
| Surcharge | 5.00% | 0.61 | 0.71 | 0.10 | |
| Total | 66.34 | 68.54 | 2.20 |
This is done when Rates of Petrol and Disel is coming to down trends. It seems that Haryana Government does not want to loose revenue on Disel and Petrol.
As per as the calculation which has come arises not will create problem of Accounting entries because there no much longer support of Vat calculation software because all the software are shifted to GST Accounting software.
Now question is arises
1. How to calculate Vat as per new calculation system in Accounting system.
2. How to file Vat Return in new formula system
3. How to finalize Calculation of Vat when rates are changes under Assessment and satisfy Assessing Officer
Author Bio
Sir or Madam
We have two unit, one in Sahibabad (UP) and other one in Bawal(Haryana). In UP for registered dealer, there is provision to purchase Diesel on concessional rate @5% (full rate is @17.28%)for used to manufacture taxable goods against Form D issued by Commissioner. In Haryana, Is there any provision to purchase diesel on concessional rate of VAT & against which form? Kindly explain on e-mail given here. We shall be very grateful to you. thanks and regards, R.N.Yadav
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मैं पेट्रोल और डीजल पर 01.04.2020 से वैट रेट में जब जब भी बदलाव हुए हैं उनकी डिटेल जानना चाहता हूँ, कृपया आप वो डिटेल दे सकें तो बड़ी मेहरबानी होगी |
श्री मान जी,
मैं पेट्रोल और डीजल पर 01.04.2020 से वैट रेट में जब जब भी बदलाव हुए हैं उनकी डिटेल जानना चाहता हूँ, कृपया आप वो डिटेल दे सकें तो बड़ी मेहरबानी होगी |
श्री मान जी,
मैं पेट्रोल और डीजल पर 01.04.2020 से वैट रेट में जब जब भी बदलाव हुए हैं उनकी डिटेल जानना चाहता हूँ, कृपया आप वो डिटेल दे सकें तो बड़ी मेहरबानी होगी |
1. How to file Vat Return in new formula system being
the vat rates of MS and HSD are not in utility