Vidhi Codex

section 4

Charge to Tax

The Andhra Pradesh Value Added Sales Tax Act, 2003
Tax200387 sections5 chapters
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Chapter II INCIDENCE, LEVY AND CALCULATION OF TAX

Statutory text
  1. (1) Save as otherwise provided in this Act, every dealer shall be liable to pay tax on every sale or purchase of goods, in the State at the rates specified in the Schedules.
  2. (2) Every dealer who is registered or liable to be registered for TOT and who has not opted for registration as VAT dealer and whose taxable turnover in a period of 12 consecutive months exceeds Rs. 3 lakhs (rupees three lakhs) but does not exceed Rs. 20 lakhs (rupees twenty lakhs), shall pay turnover tax at the rate of one and half (1.5%) per cent on the taxable turnover in the manner prescribed.
  3. (3) Every VAT dealer shall pay tax on every sale of goods taxable under this Act on the sale price at the rates specified in the Schedules III, IV and V, subject to the provisions of section 13.
  4. (4) Every VAT dealer who in the course of his business purchases any taxable goods from a person or a dealer not registered as a VAT dealer shall be liable to pay tax on the purchase price of such goods, if after such purchase, the goods are, –
    • (i) used as inputs for goods which are exempt from tax under this Act; or
    • (ii) used as inputs for goods, which are disposed of otherwise than by way of sale in the State or dispatched outside the State otherwise than by way of sale in the course of inter-State trade and commerce or export out of the territory of India; or
    • (iii) disposed of otherwise than by way of consumption or by way of sale either within the State or in the course of inter state trade or commerce and such tax shall be levied at the same rate at which tax would have been otherwise levied on the sale of such goods within the State on the date of such purchase.
  5. (5) Every dealer shall pay tax on the sale price of goods at the special rates and at the point of levy specified in Schedule VI.
  6. (6) Every casual trader who sells goods within the State shall pay tax on the sale price of such goods at the rates specified in the respective Schedules.
  7. (7) Subject to such conditions as may be prescribed, a dealer executing works contract may opt to pay tax by way of composition, a tax at the rate of twelve and half percent (12.5%) on such portion of the value of the consideration received or receivable as may be prescribed.

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