In the realm of tax compliance and representation, the VAT 555 form emerges as a pivotal document within the Karnataka Value Added Tax Act, 2003 framework. This specific form enables a registered dealer, who is identified by their Tax Identification Number (TIN), to formally appoint an accountant or tax practitioner as their representative in front of the Value Added Tax Authority. It is not just a mere authorization but a crucial agreement that vests the appointed professional with the authority to present accounts, documents, and provide explanations or statements during assessments or other proceedings for a specified period. This form captures the essence of delegate representation, embedding a structure where both the dealer and the representative are held to the tenures of accountability and truthfulness. The representative must affirm their qualification under Section 86 of the Karnataka Value Added Tax Act, 2003, ensuring that their actions and words directly bind the dealer they represent. This procedural element, introduced by the government and detailed in a notification for wide publication and dissemination, reflects the organized approach towards tax representation and compliance, aiming to minimize errors and ensure accuracy in proceedings before tax authorities. The distribution strategy for this form, including its publication in the Extraordinary Gazette and sharing with relevant governmental and financial departments, underscores its significance in the tax administration process in Karnataka.
| Question | Answer |
|---|---|
| Form Name | Form Vat 555 |
| Form Length | 1 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 15 sec |
| Other names | vat 555 word, form 555 vatinstructions, vat 555 word format, form 555 |
FORM VAT 555
See rule 169(2)
Authorisation of an Accountant or Tax Practitioner to appear on behalf of a dealer before a Value Added
Tax Authority
I/We ……………………………………………. of ………………... being a registered dealer holding TIN
………………… dated………………… under the Karnataka Value Added Tax Act, 2003, do hereby authorise
Sri…………………………………………………….. an Accountant/Tax Practitioner to represent me/us in and to
produce accounts and documents connected with the proceedings before the authorities in respect of my/our assessment/other proceeding for the period …………… and whatever explanation or statements he gives or
makes on my/our behalf will be binding on me/us.
Place……………..Signature………………………
Date……………....Status………………………….
I, …………………………………. (representative) do hereby declare that I am an Account/Tax
Practitioner duly qualified under Section 86 of the Karnataka Value Added Tax Act, 2003, and that I agree to attend as an agent on behalf of the above mentioned Sri/Messrs…………………………………………………
and that I shall state the facts correctly and give true explanations to the best of my knowledge and belief. Signature………………………
Place………………
Date……………….
By Order and in the name of the
Governor of Karnataka,
(S.DIVAKAR)
Under Secretary to Government, Finance Department
To,
The Compiler, Karnataka Gazette, Bangalore for publication in the Extraordinary Gazette dated
Copy to:
The Commissioner of Commercial Taxes, Gandhinagar,
The Accountant General (Accounts)/(Audit) Karnataka, Bangalore.
The Secretary, Karnataka Legislature Secretariat, Bangalore.
The Secretary, Department of Parliamentary Affairs & Legislation, Bangalore.
Weekly Gazette /Spare copies.
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