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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

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7 Comments

  1. RAM NIWAS YADAV says:

    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

  2. DEEPANSHU says:

    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. MUKESH says:

      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 |

  3. SUNIL KUMAR BANSAL says:

    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 |

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