Vidhi Codex

The Telangana Value Added Tax Act, 2005

The Telangana Value Added Tax Act, 2005

Tax2005151 sections

This legislation establishes the statutory framework for collecting value-added tax within the state. It mandates that any commercial activity, such as buying, selling, or manufacturing goods, must pay a specific tax based on the value added at each stage of production and distribution. The law applies to various dealers, including companies, firms, and casual traders operating in Telangana. By implementing this tax system, the state ensures a structured method of generating revenue for public services and maintains consistent oversight of financial transactions across the region.

Start reading →Read full ActSections
  1. 1. Short title, extent and commencement
  2. 2. Definitions
  3. 3. Appellate Tribunal
  4. 3-A. Appointment of Officers.
  5. 4. Charge to tax.
  6. 5. Act not to apply to sales or purchases outside the State, in the course of import or export, etc.
  7. 6. Tax on packing material
  8. 7. Exemptions
  9. 7-A. Exemption of Tax on sale of goods for certain purposes to an unit located in any Special Economic Zone
  10. 8. Zero-rated sales
  11. 9. Input tax credit for dealers for goods in Schedule VI
  12. 10. Turnover Tax
  13. 11. Calculation of Tax payable
  14. 12. VAT payable
  15. 13. Credit for input tax
  16. 14. Tax invoices
  17. 15. Power of State Government to grant refund of tax
  18. 16. Burden of proof
  19. 17. Registration of Dealers
  20. 18. Tax payer Identification Number and General Registration Number
  21. 19. Cancellation and Amendment of Registration
  22. 20. Returns and Self assessments
  23. 21. Assessments
  24. 22. Due date for Payment of Tax
  25. 23. Liability of executor, administrator, legal representative.
  26. 24. Liability of partnership firms.
  27. 25. Tax as an arrear of land revenue.
  28. 26. Preferential claims to assets.
  29. 27. Transfers to defraud revenue void and Provisional Attachment of Property.
  30. 28. Powers of Deputy Commissioner under Revenue Recovery Act.
  31. 29. Recovery of tax from third parties.
  32. 30. Recovery of tax when business transferred
  33. 31. Appeal to Appellate authority
  34. 32. Revision by Commissioner and other prescribed authorities
  35. 33. Appeal to the Appellate Tribunal
  36. 34. Revision by High Court
  37. 35. Appeal to High Court
  38. 36. Petitions, applications to be heard by a Bench.
  39. 37. Limitation in respect of certain assessments or re-assessments ordered.
  40. 38. Refund of Tax.
  41. 39. Interest on over payments and late refunds.
  42. 40. Power to adjust, withhold refunds.
  43. 41. Issue of Bills.
  44. 42. Records.
  45. 43. Access and seizure of goods, books, records and computers.
  46. 44. Fair Market Value
  47. 45. Establishment of check posts
  48. 46. Power to inspect carrier's places
  49. 47. Transit Pass
  50. 48. Possession and submission of certain records by owners etc., of goods vehicles
  51. 49. Penalty for failure to register
  52. 50. Penalty for failure to file a return
  53. 51. Penalty for failure to pay tax when due
  54. 52. Power to collect tax from a person who owes money to the dealer
  55. 53. Penalty for failure to declare Tax Due
  56. 54. Penalty for failure to use or misuse of TIN & GRN
  57. 55. Penalty for issue of tax invoice and for the use of false tax invoices.
  58. 56. Penalty for failure to maintain records.
  59. 57. Penalty for unauthorized/ excess collection of tax.
  60. 58. Prosecutions for Offences.
  61. 59. Offences of obstructing the authority.
  62. 60. Offences by Companies.
  63. 61. Compounding of offences.
  64. 62. Court for prosecution.
  65. 63. Power to summon witnesses and production of documents.
  66. 64. Power to get information.
  67. 65. Bar of Jurisdiction.
  68. 66. Appearance before authority.
  69. 67. Clarification and Advance Rulings
  70. 68. Ongoing contracts
  71. 69. Tax Deferment
  72. 70. Protection of acts done in good faith
  73. 71. Submission of returns by Banks
  74. 72. Provision in the case of defective or irregular proceedings
  75. 73. Rounding of turnover
  76. 74. Rounding off of tax etc.
  77. 75. Powers of subordinate officer to be exercised by higher authorities
  78. 76. Power to remove difficulties
  79. 77. Instructions to Subordinate Officers
  80. 78. Power to make rules
  81. 79. Power to amend Schedules
  82. 80. Repeal
  83. 81. Repeal of Ordinance 1 of 2005
  84. 86. PVC Cloth, Waterproof Cloth, Tarpaulin and Rexine and Vehicle Covers made from PVC Cloth, Waterproof Cloth, Tarpaulin and Rexine Products.
  85. 87. Oil cakes and De-oiled cakes other than Soya Bean De-oiled cake.
  86. 88. Drugs and medicines
  87. 89. Veterinary medicines
  88. 90. All kinds of packing material
  89. 91. [XXX]
  90. 92. River Sand and grit and stone chips.
  91. 93. Extra Neutral Alcohol (ENA) and rectified spirit.
  92. 94. Kerosene stove, kerosene lamp, etc.
  93. 95. Bio-diesel
  94. 96. Artificial and rolled gold Jewellery
  95. 97. LPG/CNG conversion kits.
  96. 98. Pre-stressed Railway Concrete Sleepers
  97. 99. All Handicrafts
  98. 100. The following goods when sold as industrial inputs
  99. 101. Liquified petroleum gas
  100. 102. Machinery of all kinds
  101. 103. Tools and Instruments
  102. 104. Bolts, Nuts, and Screws
  103. 105. Base metal hardware
  104. 106. Biomass
  105. 107. Food products
  106. 108. Katha
  107. 109. Wet dates
  108. 110. Paper goods
  109. 111. Medical equipment
  110. 112. Papad
  111. 113. Optical goods
  112. 114. Tea
  113. 115. Cashewnut
  114. 116. Sales to Government and Power Corporations
  115. 117. Medicinal products
  116. 118. Molasses
  117. 119. Ordinance factory goods
  118. 120. Tyre retreading materials
  119. 121. Power supply goods
  120. 122. Oats
  121. 123. Insect protection goods
  122. 124. Generator sets
  123. 125. Lime products
  124. 126. Commodity List 71-72
  125. 127. Commodity List 73-80
  126. 128. Commodity List 81-85
  127. 129. Commodity List 86-91
  128. 130. Commodity List 92-96
  129. 131. Commodity List 97-99
  130. 232. Yeast of all kinds and forms.
  131. 233. Gel used for preparing bakery products and bread softner.
  132. 234. Winding wire made of Copper or enameled Copper.
  133. 235. Non-Woven Fabrics
  134. 236. Auto Components
  135. 34(10). Input Tax Credit
  136. 34(11). Input Tax Credit
  137. 34(4). Input Tax Credit
  138. 34(5-A). Input Tax Credit
  139. 34(5). Input Tax Credit
  140. 34(6). Input Tax Credit
  141. 34(7). Input Tax Credit
  142. 34(8). Input Tax Credit
  143. 34(9). Input Tax Credit
  144. 68(8). Refunds
  145. 68(9). Refunds
  146. Schedule 1. Goods Exempted from Tax
  147. Schedule 2. Transactions Zero-Rated and Eligible for Input Tax Credit
  148. Schedule 3. List of goods taxable @ 1%
  149. Schedule 4. List of goods taxable @ 5%
  150. Explanation-III-A. Explanation-III-A
  151. Explanation-IV. Explanation-IV

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