E Updation

conditions for updation of informations in websiete under kvat act, [Notification No.KSA.CR.155/2007-08, Dated: 06.10.2008] I)Whose (only companies) output tax exceeds Rs.1,00,00,000/- for the financial year ending on 31.03.2007. [Notification No.KSA.CR.155 /2007-08, Dated: 06.10.2008] II) Whose total turnover of export is Rs.10,00,000/- or more in the financial year ending on 31.03.2008 or any subsequent year and also is. III) Claiming refund or deduction of input tax of Rs.1,00,000/- or more under under sub-section (1) of section 20 of the kvat act, on such sales [i.e., taxable goods purchased for export sale] for the year ending on 31.03.2008 or any subsequent year. IV) Whose input tax credit claimed under section 10 of the kvat act, is Rs.20,00,000/- or more in the financial year ending on 31.03.2008 or in any subsequent year and V) Whose ratio of output tax to input tax is less than 1.25 in the financial year ending on 31.03.2008 or in any subsequent year Details to be updated a) Purchases made within the state from registered dealer in respect of which it is eligible to claim deduction of input tax. b) Sales made to other registered dealers in the state.

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