Professional Documents
Culture Documents
Schedule No
Schedule I
Schedule II
Description
Exempted Goods
Agriculture implements operated manually, Books and Journals, Cotton
and Silk yarn, Fresh Vegetables and Fruits, Textiles, Coconut Fiber,
Bangles, Meat, fish and live stock.
Goods taxable @ 1%
Gold and Silver ornaments, Precious Stones, Bullions, Platinum Jewellery.
Schedule III
Goods taxable @ 4%
Agriculture implements not operated manually, Bamboo, Bicycles, All
types of yarn other than cotton and silk yarn, Drugs and medicines, Paper
and News print, Readymade garments, Tea, Tamarind, Chemical fertilizers
etc
Schedule IV
Schedule V
Schedule Name
DESCRIPTION
Exempted Goods
Schedule A
Schedule B
Schedule C
Schedule E
Maharashtra
Sikkim
Audit criteria
Issuing of
instructions
Consequences/penalt
y on failing to furnish
audit report
Comparison in Assessment:
Maharashtra
Sikkim
The Commissioner may examine the return to Every such dealer as may be required so to do by
ascertain whether it is complete and selfconsistent. If the return is not complete or selfconsistent, the Commissioner may serve on the
dealer, within four months of date of filing of
the return, a defect notice in the prescribed
form. The said registered dealer shall correct
the defects and submit to the prescribed
authority a fresh, complete and selfconsistent return within one month of the
service of the defect notice
Maharashtra
Sikkim
Motor spirits, as notified u/s. 41(4) unless it is Agricultural products , Animal products, Coal
resold or transferred to branch or agent outside (charcoal) , Frozen confectionery (curd) , Bio
the State Rule 54(b).
Fertilizers, Holow polyester fibre.
Crude oil described in Section 14 of the C.S.T. Cold storage plants and equipments including
Act, if it is used by refinery for refining. Rule refrigeration materials like polystyrene and
54(c).
polyurethane foam materials used in
refrigerators and cold storage equipments
If a dealer is principally engaged in job work Captive power plant used for generation of
or labour work and where only waste/scrap is electrical energy and its parts, components and
sold then no set off will be granted on accessories for repair and maintenance thereof.
consumables and capital assets. Rule 54(d).
Unit covered by package scheme of Incentives
under exemption scheme or deferment scheme
is not entitled for set off of tax paid on raw
materials as defined in Rule 80 [Rule 54(e)].
However, it can claim refund of tax paid on
such purchases, as per Rule 79.
Purchases used in erection of immovable
property other than plant and machinery. Rule
54 (h).
Webliography:
1. http://www.rushabhinfosoft.com/webpages/All%20India%20VAT/VAT2.
3.
4.
5.
ACT/SIKKIM.htm
https://taxadvisoryandlitigation.files.wordpress.com/2014/09/sikkim-vat-rules-2005.pdf
http://www.sikkimtax.gov.in/wp-content/uploads/2011/08/FORM32.pdf
http://www.sikkim.gov.in/stateportal/UsefulLinks/VAT_Rules.pdf
http://www.mahavat.gov.in/Mahavat/index.jsp