Department of Goods Tax Government of Arunachal Pradesh Form FF-04 (See Rule 11 of the Arunachal Pradesh Goods Tax Rules, 2005) Application for Opting For Simplified Accounting Method 1. Registration Number 2. Full Name of Applicant Dealer 3. Nature of business 4. Turnover in the preceding year 5. Expected turnover for current year 6. Type of Simplified Accounting . Sample Method . Stock Purchase Method Method Chosen . Business Norm Method . Works Contract 7. In case of Sample Method Sample Period _____________________________________ Output Tax for Sample Period _____________________________________ Tax Credit for Sample Period. _____________________________________ Gross Turnover for Sample Pd. _____________________________________ Tax Fraction (TF) _____________________________________ 8. In case of Business Norms Method Nature of goods being dealt predominantly _____________________________________ Value of BN Claimed _____________________________________ Nature of Works Contracts 9. In case of Works Contract, normally executed _____________________________________ I/ We Certify that - 10. Certificate a. We sell goods to people who buy them for private or domestic use or consumption. b. the proportion of the turnover of the retailer in respect of retail sales is greater than 50% of his total turnover. c. We sell on a regular basis goods which are dealt with in one of the Schedules to the Act and also goods which are dealt with under another Schedule to the Act. d. In case Stock purchase method is chosen, we are not manufacturer of goods. e. We maintain sufficient records and accounts to correctly assess the tax due on the basis of the simplified method chosen. Verification I/We _______________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my/our knowledge and belief and nothing has been concealed therefrom. Signature of Authorized Signatory Name Designation Place Date Instructions for dealers opting for Simplified Accounting Methods (For Details Refer section 17 and Rule 11 and 12): 1. The application for opting to pay tax under the This scheme can be filed at any time, and thereafter it becomes applicable with effect from the next tax period. 2. Following class of dealers are not eligible to opt for the composition scheme: -Dealers whose turnover during the preceding year or expected turnover during the current year exceeds Rs. 50 lakhs 3. Once the dealer has opted for the composition scheme, the option of withdrawal is available only after the end of one year from the tax period in which the option is made applicable. Thus, dealers have to continue under the instant scheme at least for 12 months and the option of withdrawal would be available only afterwards. 4. Dealers would be required to retain the tax invoices and retail invoices for all his purchases as required u/s 49 i.e. for a period of at least 5 years.
