Form 701 Certificate for the Purpose of Clause (B) of Sub-section (5) of Section 59b of the Gujarat Value Added Tax Act, 2003 - Gujarat, India

Form 701 Certificate is used for the purpose of claiming benefits under Clause (B) of Sub-section (5) of Section 59B of the Gujarat Value Added Tax Act, 2003 in the state of Gujarat, India. This certificate allows the holder to avail specific tax benefits or exemptions as provided by the mentioned clause of the Act. The exact details of the benefits and requirements would be specified in the relevant sections of the Gujarat Value Added Tax Act, 2003.

The Form 701 Certificate for the purpose of Clause (B) of Sub-section (5) of Section 59B of the Gujarat Value Added Tax Act, 2003, in the state of Gujarat, India is filed by the registered dealer or the person claiming exemption or concession under the said clause.

FAQ

Q: What is Form 701 Certificate?
A: Form 701 Certificate is a document required under the Gujarat Value Added Tax Act, 2003 in Gujarat, India.

Q: What is the purpose of Form 701 Certificate?
A: The purpose of Form 701 Certificate is to certify that the goods mentioned in the certificate are intended to be used for purposes specified in Clause (B) of Sub-section (5) of Section 59b of the Gujarat Value Added Tax Act.

Q: What does Clause (B) of Sub-section (5) of Section 59b of the Gujarat Value Added Tax Act refer to?
A: Clause (B) of Sub-section (5) of Section 59b of the Gujarat Value Added Tax Act refers to the provision that allows certain goods to be exempted from tax if they are intended for specified purposes.

Q: Who needs to fill out Form 701 Certificate?
A: Form 701 Certificate needs to be filled out by a person or business entity in Gujarat, India, who intends to use goods for purposes specified in Clause (B) of Sub-section (5) of Section 59b of the Gujarat Value Added Tax Act.

Q: Is Form 701 Certificate mandatory?
A: Yes, Form 701 Certificate is mandatory for claiming exemption from tax on goods used for purposes specified in Clause (B) of Sub-section (5) of Section 59b of the Gujarat Value Added Tax Act.

Q: What information is required to be filled in Form 701 Certificate?
A: Form 701 Certificate requires information such as the name and address of the person/business entity, details of the goods, quantity, intended purpose, and any other relevant information as required by the authorities.

Q: Can Form 701 Certificate be used for goods used for all purposes?
A: No, Form 701 Certificate is specifically meant for goods used for purposes specified in Clause (B) of Sub-section (5) of Section 59b of the Gujarat Value Added Tax Act.

Q: Is there a fee for obtaining Form 701 Certificate?
A: The fee, if any, for obtaining Form 701 Certificate may vary and is determined by the authorities in Gujarat, India. It is advisable to check with the concerned department for the applicable fee.

Q: What happens after submitting Form 701 Certificate?
A: After submitting Form 701 Certificate, the authorities will examine the information provided and verify the eligibility for tax exemption. If approved, the person/business entity will be eligible for tax exemption on the specified goods used for the specified purposes.