Panaji, 19th February, 2024 (Magha 30, 1945)

SERIES III No. 46

PUBLISHED BY AUTHORITY

GOVERNMENT OF GOA

Department of Finance

Office of the Commissioner of State Taxes

–––

Trade Circular

(GVAT No. 05 of 2023-24)

No. CCT/26-2/2023-24/3975

Read:- Notification No. 4/1/2024-Fin (R&C)/5039

dated 14-02-2024 published in Official

Gazette, Extraordinary No. 2, Series I No. 45

dated 14-02-2024.

Sub.:- Option of composition under GVAT Act, 2005

made available for class of dealers doing

business of Bar/Tavern whose annual

turnover does not exceed rupees ten lakhs.

Attention of Trade & Industry is invited to the

above read Notification issued by the Government

inserting entry No. 02 in the Schedule ‘E’ appended

to the Goa Value Added Tax Act, 2005 (Goa Act 9 of

2005).

Vide the said Notification, a new class of dealers

i.e. Bar or Tavern which purchases all goods for resale

only from registered dealers within the State of Goa

and whose annual turnover does not exceed rupees

ten lakhs has been added w.e.f. 14-02-2024 for

availing composition by filing application in Form

VAT XIII to concerned ward office. The rate of

composition for such class of dealers is 2% of the total

turnover of the dealer.

All the terms and conditions as laid down under

Section 7 of the Goa Value Added Tax Act, 2005 and

RNI No. GOAENG/2002/6410

Reg. No. RNP/GOA/32/2024-2026

2325

Suggestions are welcome on e-mail: [email protected]

EXTRAORDINARY

Rule 6 of the Goa Value Added Tax Rules, 2005 shall

be applicable and binding for availing composition.

The above mentioned Notification has come into

force from 14th February, 2024 and as per Rule 6 of

GVAT Rules, 2005 any existing eligible dealer may

apply to Appropriate Assessing Authority (STO/

/ASTO) of concerned ward where dealer is registered

in Form VAT XIII within 30 days from 14-02-2024 i.e.

the date of Notification including a new class of

dealers issued u/s 5(4) of GVAT Act.

Therefore, if any existing dealer (Bar/Tavern) is

desirous of opting for composition, then application

is required to be submitted on or before 15-03-2024

to respective ward office where dealer is registered.

The amount of composition tax @ 2% of total

turnover for the concerned month is required to be

paid monthly by e-challan by 25th day of succeeding

month. The return by composition dealer in Form VAT

IV will be required to be filed yearly by the above

said category i.e. Bar or Tavern whose annual turnover

does not exceed rupees ten lakhs.

It is appealed to all eligible dealers to avail the

benefit of composition scheme by timely filing

application to the concerned ward office.

In case of any difficulty, the dealers may approach

helpdesks setup at each of 8 ward offices in Goa. This

Trade Circular is intended only for facilitation of the

stake holders and not meant for interpreting any legal

provisions.

Given under the seal of this office.

Panaji, 19th February, 2024.— The Commissioner

of State Tax, Vishant S. N. Gaunekar.

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