Clarification regarding details to be filed online in Form Stock-1

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..... n regarding details to be filed online in Form Stock-1 1. All registered dealers were directed to file tax rate wise stock available as on 31st March every year by 30th June of the following financial year vide Notification No. F.7 (433)/Policy-II/VAT/2012/472-483 dated 16-8-2012 . However, the date for filing of stock as on 31-3-2012 was initially notified as 31-10-2012 and later on extended .....

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..... ted from levy of tax as provided under Section-6 of the Act. In accordance with the above provisions, closing stock may be classified as 0%, 1%, 5%, 12.5% and 20% irrespective of their source of purchases. ii) In case of manufacturers, the stock of goods other than raw material and finished goods (i.e. work-in-progress) should be shown clubbed with raw material or finished goods based on the pro .....

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..... as on 31st of March of the year. The stock not available with the dealer physically should not be considered as a part of this stock. Simultaneously, Stockin-transit and stock on consignment should be shown accordingly. (Prashant Goyal) Commissioner (Value Added Tax) No. F. 7/433/Policy-II/VAT/2012/872-878 Dated : 12.11.2012 Copy forwarded for information and necessary action to:- .....

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