GOVERNMENT OF RAJASTHAN
COMMERCIAL TAXES DEPARTMENT

No. F.16(95) Tax/CCT/1 4-15/4401

Dated: 1-2-2018

All Dealers,
……………..

CIRCULAR

Sub: Regarding procedure for refund of investment/employment generation subsidy unutilized under RIPS-2010/RIPS-2014.

As per the provisions of RIPS-2010/RIPS-2014, the order for sanction cum disbursement of subsidy has to be made in Form VAT-37B, which has to be adjusted against the tax liability of the subsequent tax period(s). It has come to notice that in some cases VAT-37 B has been issued under RIPS-2010/RIPS-2014 to the enterprise, and due to availability of the ITC, such amount of subsidy has remained unadjusted/ unutilized against the VAT/CST liabilities for the tax periods upto 30.06.2017.

In order to provide relief to such dealers, the refund of unadjusted/ unutilized amount may be processed in the following manner:-

1. Such enterprise shall submit an application in writing for early refund to his assessing authority along with the facts of the case after submitting the return/ revised return, as the case may be, after adjusting the amount of subsidy in the return/revised return.

2. On receipt of such application, the concerned assessing authority shall verify the facts and forward his report for grant of order of early refund, if available, along with the application to the concerned Deputy Commissioner (Adm.).

3. The concerned Deputy Commissioner (Adm.), on being satisfied that it is a genuine case, shall recommend the case for early refund to the Commissioner.