Monthly Return Undersection 24Ofthebiharvalueadded Taxordinance,2005

FormRT-I

Monthly Return undersection 24oftheBiharValueAdded TaxOrdinance,2005

[Seerule19(2)(a)]

NameofDealerStyleofBusiness......

TIN...... PeriodofReturn(month/year) ......

PartA (Detailsof Turnover)

A / GrossTurnover
A1 / SalesofgoodsmentionedinScheduleIoftheAct
A2 / SalesofgoodsmentionedinScheduleIVoftheAct
A3 / Salesinthecourseofinter-statetradeandcommerce
A4 / Valueofstocktransfersundersection4ofCSTAct,1956
A5 / ValueofstocktransferswithintheStateofBihar
A6 / AmountoflabourchargesotherchargesincaseofaWorkContract
A7 / Valueofgoodsreturnedwithin6monthsofsaleundertheAct:
(a) Goodsreturnedtaxable@1%
(b) Goodsreturnedtaxable@4%
(c) %
A8 / ExportSales
B / TotalofdeductionsatA1,A2,A3,A4,A5,A6,A7andA8
C / TaxableTurnover=[A–B]

PartB(Rate-wisebifurcationofSales andOutputTax)

Rate-wisebifurcationoftaxablesales: / Value / Tax
SalesofGoodsspecifiedinScheduleIV
(a) Petrol
(b) HSDandLDO
(c) NaturalGas
(d) ATF
(e) CountryLiquor
(f) IMFLorimportedforeignliquor
D1 / TotalSalesofScheduleIVGoods=[(a)+(b)+(c)+(d)+(e)+(f)]
SalesofotherTaxableGoodsAListofdifferentgoodssoldtobefurnishedseparatelyalongwiththeir respectivesalesvalue
(a) Salestaxableattherateof1%
(b) Salestaxableattherateof4%
(c) Salestaxableattherateof12.5%
D2 / TotalSalesofotherTaxableGoods=[(a)+(b)+(c)]
D / OutputTax=[D1+D2+D3+D4]
D3 / TurnoverliabletoPurchaseTax
D4 / ExcessofReverseCredit[G–F],ifGF
D / OutputTax:[D1+D2+D3+D4]

–2–

PartC(DetailsofPurchase)

E / ValueofPurchases duringthemonth / ScheduleIV Goods / ScheduleI Goods / OtherTaxableGoods / Total
1% / 4% / 12.5%
(a) Fromwithinthestate
(b) Fromoutsidethestate
E1 / TotalPurchases[(a)+(b)]
ValueofReceiptbywayofStockTransfer
(a) Fromwithinthestate
(b) Fromoutsidethestate
E2 / TotalStock-TransferReceipts
E / TotalofPurchasesand
Receipts=[E1+E2]

PartD(InputTaxCreditandTaxPayable)

Value / Tax
F / InputTax(includingpurchasetax)paidbythedealer onpurchasesduringthemonth
ReverseCreditonaccountof:
(a) Intra-Statestocktransfer
(b) Inter-Statestocktransfer
(c) Goodsreturnedwithin6monthsofpurchaseby thedealerfilinghisreturn
(d) Transferofrighttousegoods,giftsorselfconsumption
(e) GoodsspecifiedinScheduleIV
(f) SaleofgoodsspecifiedinScheduleI
(g) Valueofgoodsstolen,lostordestroyed,ifany
G / TotalReverseCredit=[(a)+(b)+(c)+(d)+(e)+(f)+(g)]
H / InputTaxCreditforthemonth=[F–G]
I / InputTaxCreditonaccountofopeningstockunderRule13
J / InputTaxCreditonaccountofcapitalinputsunderRule12
K / TotalInputTaxCredit[H+I+J]
Adjustments:
(a) onaccountofEntryTax
(b) onaccountofAdvanceTax
(c) onaccountofRefundAdjustments,ifany
(d) onaccountofRebateundersection24(12)
(e) onaccountofbalancetaxbroughtforward frompreviousmonths
L / TotalAdjustments(a)+(b)+(c)+(d)+(e)
M / TotalofInputTaxCreditandAdjustments[K+L]
N / TaxPayable[D–M];ifDM
O / BalanceTaxcarriedforward[M–D],ifMD

–3–

PartE(PaymentDetails)

Particulars
‘P’ / DD/ChequeNo./ ChallanNo./Deduction CertificateNo. / Date / NameofIssuing Bank/Nameof DeductionAuthority / Amount
Cash
DD/ChequeNo.
Deduction atSource

DECLARATION

I declarethatthestatementsfurnishedinthisreturnarebasedupontrueandcomplete accountsandtaxpayable asindicatedincolumnNhasbeenpaidbytreasurychallanorinthe modeindicatedincolumnP.

Ideclarefurtherthatthestatementsmadeandparticularfurnishedinandwiththis returninmycapacityasaRegisteredDealerarecorrectandcompletetothebestofmyknowledge and belief,and thatIamcompetenttosignand submitthisreturn.

Place / ...... / SignatureoftheAuthorisedPerson ......
Date / ...... / StatusinrelationtotheDealer ......
......