Rule 136

A dealer opting to pay tax by way of composition under section 15, shall .-

(1) report his option, if not already registered, not later than the date on which his registration comes into effect under section 25 and, if already registered, on the first day of any month after the date of registration;

(2) report his option in Form VAT 1 to the jurisdictional Local VAT officer or VAT Sub-officer; and

(3) furnish a return on Form VAT 100 and pay tax at the rate or rates specified in section 4 on his taxable turnover for any month within twenty days of the following month, until he receives a certificate in Form VAT NIC from the jurisdictional Local VAT officer or VAT sub-officer.