Apply For Tax Deduction Account Number Allotment & Check Status Arunachal Pradesh : aruntax.nic.in

Organization : Commercial Taxes Department
Service Name : Apply For Tax Deduction Account Number Allotment & Check Status
State : Arunachal Pradesh

Website : http://www.aruntax.nic.in/

Tax Deduction Account Number Allotment :

Tax Deduction Account Number:

Related : Arunachal Pradesh Commissioner of Taxes & Excise e-Registration for VAT : www.statusin.in/3654.html

Every person responsible for making deduction oftax under section 47A shall apply to the Prescribed Authority for allotment of Sales Tax Deduction Account Number in Form FF-17 within thirty days time from the date of commencement of these rules, if he was so responsible on such date and within fifteen days from the date of entering into any contract relating to supply of goods or execution of works contract or for transfer of right to use any goods, if he becomes responsible for such deductions after the date of commencement of such rule. A Tax Deduction Account Number shall be issued in Form FF-18.

Apply Here : https://aruntax.nic.in/
Application Status : web4.kar.nic.in/arunachaltdsform17/Appln_statusF17.aspx

Know About VAT:
Unlike the name suggest, VAT is NOT a tax on the margin of the business. VAT is a Consumption Tax, meaning, tax on consumption of goods by the consumers. VAT is to be borne by the consumers.

What is the similarities and differences between Sales Tax and VAT?:
Both Sales tax and VAT are Consumption tax. To take an example, if a consumer consumes a goods worth Rs. 100 on which tax rate is 10%, the objective of both the system is to collect Rs 10 (i.e. 10% of Rs 100) to the Government. Both are Indirect Tax, meaning the consumer does not pay the tax to directly the government, but to the business from whom he has purchased the goods. The business remits it to the Government.

In Sales tax, the entire tax collected from the consumer by the dealer is paid by one of the dealer (out of the chain through whom the goods have passed). Chain meaning Chain of business comprising of Manufacturer -Wholeseller – Intermediate – Retailer etc. To take the above example, the said tax of Rs. 10 would be collected from one of the person in the chain, it can be the manufacturer or Wholeseller or the Retailer (depending on the type of Sales tax system in the State). In VAT system, the same Rs 10 would be collected in installments from every dealer in the chain. Each dealer will contribute a portion of the tax in proportion to his margin of operation.

Does VAT System increase the incidence of Tax on consumer?:
No. The tax incidence remains the same.

Will VAT system complicate the Book of Accounts to be maintained by the dealer?:
No. On the Other hand, it will simplify it. A dealer is expected to maintain two registers. Sales Book and Purchase Book. In Sales Book, he would record chronologically sales made and tax collected from the purchaser. In Purchase book, similarly, he will record purchases made and tax paid on such purchases.

How will the Net Tax payable be calculated?:
First, the ‘Output tax’ is calculated from Sales Book by adding the tax collected from the consumer in respect of sales made in the quarter. Then ‘Tax Credit’ is calculated by adding the tax paid on purchases made in the same quarter. The Net tax payable is the Output Tax minus Tax Credit. If this value is negative, dealer gets a refund from the department in that quarter.

What kind of purchases are eligible for Tax Credit?:
All business inputs, be it raw material, capital goods, computer, record books or anything which is used by the dealer to conduct his business. However there are two exceptions. Tax Credit can-not be availed in respect of purchase of items used for conducting business of Exempt items. Also there is a list of ‘non-creditable purchases’ specified in the Seventh Schedule of the A.P. Goods Tax Bill.