(1) Temporary organization of exhibitions, fairs and programs of a similar nature are not registered in value added tax, Section 10A of the Act. An application should be submitted to the tax officer along with the recommendation of the relevant organizer to register the transaction.
(2) When making an application according to sub-rule- (1), two of the estimated income to be received from such program. The percentage amount will have to be kept as a bond.
(3) If any application is received according to sub-rule (1), the tax officer shall register such transaction in value added tax and give a certificate with registration number to the applicant.
(4) In accordance with sub-rule (3), within seven days after the end of exhibitions, fairs and programs of a similar nature, the VAT statement and value added tax must be filed with the tax officer and the certificate of permanent account number for cancellation of temporary registration, tax payment certificate of temporary registration and the organizer's recommendation. Application should be submitted with.
(5) If an application is received according to sub-rule (4), the tax officer shall examine the value added tax statement and other related documents submitted by the taxpayer and cancel the temporary registration within fifteen days and inform the applicant.
(6) In accordance with sub-rule (2), the bond kept by the applicant shall be allowed to be reconciled with the value added tax to be submitted as per sub-rule (4).
(7) In case of additional tax assessment during the investigation according to sub-rule (5), the petitioner shall be given three days' notice to file the tax. If the applicant does not file the tax within that period, it will be recovered from the deposit amount, and if the amount is not enough, the remaining amount will be recovered from the organizer.