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45.Method of paymentM. VAT RULES

45.Method of payment

(1) Every payment of tax or interest or penalty or all of them payable under rule 41 and the amount of balance of tax payable according to a return or fresh or revised return and penalty and interest payable under rule 41 shall be accompanied by the respective return-cum-chalan.

(In the above rule 45 sub-rule (1) for the words “or revised return” the words “or fresh or revised return” are substituted by Notification No. STR-1506/CR-38/Taxation-1 Dt.08.09.2006)

(2) Every payment of tax or interest or penalty or all of them not referred to in sub-rule (1) and every payment of amount forfeited, composition money and fine imposed shall be accompanied by a chalan in Form 210.

(For the above sub-rule (2) the following sub-rule (2) is substituted by Notification No. STR-1506/CR-38/Taxation-1 Dt.08.09.2006)

(2) Notwithstanding anything contained in sub-rule (1), every payment of tax or interest or penalty or all of them not referred to in sub-rule (1) and every payment of amount forfeited, composition money, fees and fines imposed or as may be, every payment of tax interest or penalty due as per the fresh return or revised return shall be accompanied by a chalan in Form 210. Every payment of amount of tax deducted at source under sub-rule (1) of rule 40 shall be in return-cum-chalan in Form 405.

(In rule 45 of the principal rules, in sub-rule (2), after the words “composition money,” the words “deposit paid towards voluntary registration” are inserted and amended sub-rule (2) is as under, as per Notification No. VAT-1507/CR-17/Taxation-1 Dt. 31 October 2007)

(2) Notwithstanding anything contained in sub-rule (1), every payment of tax or interest or penalty or all of them not referred to in sub-rule (1) and every payment of amount forfeited, composition money, deposit paid towards voluntary registration fees and fines imposed or as may be, every payment of tax interest or penalty due as per the fresh return or revised return shall be accompanied by a chalan in Form 210. Every payment of amount of tax deducted at source under sub-rule (1) of rule 40 shall be in return-cum-chalan in Form 405.

(3) The Form accompanying the payments as aforesaid shall be duly filled in, signed and verified by the payer and the amount paid shall be stated both in words and in figures in the space provided for that purpose in the respective Form.

(4) The payments shall be made into Government treasury. The portion of the concerned Form marked "for the payer" shall be returned by the Government treasury to the dealer duly receipted, and the portion of the Form marked "for the registering authority" shall be forwarded by the Government treasury to the registering authority specified in rule 17.

(5) Subject to the provisions of sections 33 and 34, no payment as aforesaid shall be made to any officer or authority appointed by or under section 10.

(6) The installments granted, if any, under one order shall be monthly installments, and for a period not exceeding one year. The installments shall be granted for an amount inclusive of the interest chargeable, on the amount of tax under instalment.

(For the above sub-rule (6) the following sub-rule (6) is substituted by Notification No. STR-1506/CR-38/Taxation-1 Dt.08.09.2006)

(6) The installments granted, if any, under one order shall be monthly installments, and for a period not exceeding one year. The instalment shall be for the cumulative amount of tax, interest and penalty as also interest to be paid on the amount of the said tax. The instalment order shall specify the amount of tax, interest or penalty which is to be paid and the date of payment and shall also specify the interest to be paid on the said amount of tax on the said date of payment.

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GST India Solution is an effort of firm of professionals who welcome implementation of GST. This is an interactiveplatformthat aspires to disseminate right knowledge to professionals, practitioners and public at large. This platform has beenfloatedbya firm of Chartered Accountants relentlessly working in field of direct and indirect taxes since early 1985.

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