Rule 138

Every dealer, other than a dealer executing works contracts, a dealer who is a hotelier or restaurateur or caterer and a dealer producing granite metal by using stone crushing machinery, opting to pay tax by way of composition under section 15, shall.-

(1)   display his certificate in a prominent location at his main place of business;

(2)   pay tax, by way of composition, at a rate notified by the Government;

(3) not collect tax on his sales;

(4) submit a quarterly return to the jurisdictional Local VAT officer or VAT sub-officer, indicating the tax due on his sales of goods in Form VAT 120 , together with proof of full payment of the tax due, in accordance with rule 52, by the fifteenth day of the month following the relevant quarter;

(5) as long as he remains registered, submit such quarterly return, whether or not any tax is due for any quarter;

(6) where he needs to make any amendments to his quarterly return, submit a revised return in Form VAT 130, together with proof of full payment of any further tax due, to the jurisdictional Local VAT officer or VAT sub-officer; and

(7) where he submits a return after the due date, and also where he submits a revised return, furnish proof of payment of the interest due under section 36.