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84. Manner of determination of net present value for the purposes of sub-section (2) of section M. VAT RULES

84.  Manner of determination of net present value for the purposes of sub-section (2) of section 94.- For the
purposes of sub-section (2) of section 94, the amount equal to the net present value to be paid in lieu of the deferred tax, shall be calculated in accordance with the Table and the Notes given below:-

 

TABLE
Serial No.
Period in Months between the date of actual payment and the extended date of payment
Percentage
Serial No.
Period in Months between the date of actual payment and the extended date of payment
Percentage
(1)
(2)
(3)
(1)
(2)
(3)
1
1
99.1121
164
164
38.7946
2
2
98.2321
165
165
38.4502
3
3
97.3599
166
166
38.1088
4
4
96.4955
167
167
37.7704
5
5
95.6387
168
168
37.4350
6
6
94.7896
169
169
37.1027
7
7
93.9480
170
170
36.7732
8
8
93.1138
171
171
36.4467
9
9
92.2871
172
172
36.1231
10
10
91.4677
173
173
35.8024
11
11
90.6556
174
174
35.4845
12
12
89.8506
175
175
35.1695
13
13
89.0529
176
176
34.8572
14
14
88.2622
177
177
34.5477
15
15
87.4785
178
178
34.2410
16
16
86.7018
179
179
33.9370
17
17
85.9320
180
180
33.6356
18
18
85.1691
181
181
33.3370
19
19
84.4129
182
182
33.0410
20
20
83.6634
183
183
32.7476
21
21
82.9205
184
184
32.4569
22
22
82.1843
185
185
32.1687
23
23
81.4546
186
186
31.8831
24
24
80.7314
187
187
31.6000
25
25
80.0146
188
188
31.3194
26
26
79.3042
189
189
31.0413
27
27
78.6000
190
190
30.7657
28
28
77.9022
191
191
30.4926
29
29
77.2105
192
192
30.2218
30
30
76.5249
193
193
29.9535
31
31
75.8455
194
194
29.6876
32
32
75.1721
195
195
29.4240
33
33
74.5046
196
196
29.1627
34
34
73.8431
197
197
28.9038
35
35
73.1875
198
198
28.6472
36
36
72.5377
199
199
28.3928
37
37
71.8936
200
200
28.1407
38
38
71.2553
201
201
27.8909
39
39
70.6226
202
202
27.6432
40
40
69.9956
203
203
27.3978
41
41
69.3741
204
204
27.1545
42
42
68.7582
205
205
26.9134
43
43
68.1477
206
206
26.6745
44
44
67.5426
207
207
26.4376
45
45
66.9429
208
208
26.2029
46
46
66.3485
209
209
25.9702
47
47
65.7594
210
210
25.7397
48
48
65.1756
211
211
25.5111
49
49
64.5969
212
212
25.2846
50
50
64.0234
213
213
25.0601
51
51
63.4549
214
214
24.8376
52
52
62.8915
215
215
24.6171
53
53
62.3331
216
216
24.3985
54
54
61.7797
217
217
24.1819
55
55
61.2311
218
218
23.9672
56
56
60.6875
219
219
23.7544
57
57
60.1486
220
220
23.5435
58
58
59.6146
221
221
23.3344
59
59
59.0853
222
222
23.1272
60
60
58.5607
223
223
22.9219
61
61
58.0407
224
224
22.7184
62
62
57.5254
225
225
22.5167
63
63
57.0146
226
226
22.3168
64
64
56.5084
227
227
22.1186
65
65
56.0067
228
228
21.9222
66
66
55.5094
229
229
21.7276
67
67
55.0166
230
230
21.5347
68
68
54.5281
231
231
21.3435
69
69
54.0439
232
232
21.1540
70
70
53.5641
233
233
20.9661
71
71
53.0885
234
234
20.7800
72
72
52.6171
235
235
20.5955
73
73
52.1500
236
236
20.4126
74
74
51.6869
237
237
20.2314
75
75
51.2280
238
238
20.0517
76
76
50.7732
239
239
19.8737
77
77
50.3224
240
240
19.6973
78
78
49.8756
241
241
19.5224
79
79
49.4327
242
242
19.3490
80
80
48.9938
243
243
19.1772
81
81
48.5588
244
244
19.0070
82
82
48.1277
245
245
18.8382
83
83
47.7004
246
246
18.6709
84
84
47.2769
247
247
18.5052
85
85
46.8571
248
248
18.3409
86
86
46.4411
249
249
18.1780
87
87
46.0287
250
250
18.0166
88
88
45.6200
251
251
17.8567
89
89
45.2150
252
252
17.6981
90
90
44.8135
253
253
17.5410
91
91
44.4156
254
254
17.3852
92
92
44.0213
255
255
17.2309
93
93
43.6304
256
256
17.0779
94
94
43.2430
257
257
16.9263
95
95
42.8591
258
258
16.7760
96
96
42.4786
259
259
16.6270
97
97
42.1014
260
260
16.4794
98
98
41.7276
261
261
16.3331
99
99
41.3571
262
262
16.1881
100
100
40.9899
263
263
16.0443
101
101
40.6260
264
264
15.9019
102
102
40.2652
265
265
15.7607
103
103
39.9077
266
266
15.6207
104
104
39.5534
267
267
15.4820
105
105
39.2022
268
268
15.3446
106
106
38.8542
269
269
15.2083
107
107
38.5092
270
270
15.0733
108
108
38.1673
271
271
14.9395
109
109
37.8284
272
272
14.8068
110
110
37.4925
273
273
14.6754
111
111
37.1596
274
274
14.5451
112
112
36.8297
275
275
14.4159
113
113
36.5027
276
276
14.2879
114
114
36.1786
277
277
14.1611
115
115
35.8574
278
278
14.0353
116
116
35.5390
279
279
13.9107
117
117
35.2235
280
280
13.7872
118
118
34.9107
281
281
13.6648
119
119
34.6007
282
282
13.5435
120
120
34.2935
283
283
13.4232
121
121
33.9890
284
284
13.3040
122
122
33.6873
285
285
13.1859
123
123
33.3882
286
286
13.0688
124
124
33.0917
287
287
12.9528
125
125
32.7979
288
288
12.8378
126
126
32.5067
289
289
12.7238
127
127
32.2181
290
290
12.6108
128
128
31.9320
291
291
12.4989
129
129
31.6485
292
292
12.3879
130
130
31.3675
293
293
12.2779
131
131
31.0890
294
294
12.1689
132
132
30.8130
295
295
12.0609
133
133
30.5394
296
296
11.9538
134
134
30.2682
297
297
11.8476
135
135
29.9995
298
298
11.7424
136
136
29.7331
299
299
11.6382
137
137
29.4691
300
300
11.5348
138
138
29.2075
301
301
11.4324
139
139
28.9481
302
302
11.3309
140
140
28.6911
303
303
11.2303
141
141
28.4364
304
304
11.1306
142
142
28.1839
305
305
11.0318
143
143
27.9337
306
306
10.9338
144
144
27.6856
307
307
10.8368
145
145
27.4398
308
308
10.7405
146
146
27.1962
309
309
10.6452
147
147
26.9547
310
310
10.5507
148
148
26.7154
311
311
10.4570
149
149
26.4782
312
312
10.3641
150
150
26.2431
313
313
10.2721
151
151
26.0101
314
314
10.1809
152
152
25.7792
315
315
10.0905
153
153
25.5503
316
316
10.0009
154
154
25.3234
317
317
9.9121
155
155
25.0986
318
318
9.8241
156
156
24.8757
319
319
9.7369
157
157
24.6549
320
320
9.6504
158
158
24.4360
321
321
9.5648
159
159
24.2190
322
322
9.4798
160
160
24.0040
323
323
9.3957
161
161
23.7908
324
324
9.3122
162
162
23.5796
325
325
9.2296
163
163
23.3702
 
 
 
 
(In rule 84 for the above table following table is substituted w.e.f. 01.04.2005 by Notification No. STR-1506/CR-38/Taxation-1 Dt.08.09.2006)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
(1)
(2)
(3)
(1)
(2)
(3)
1
1
99.1121
41
41
69.3741
2
2
98.2321
42
42
68.7582
3
3
97.3599
43
43
68.1477
4
4
96.4955
44
44
67.5426
5
5
95.6387
45
45
66.9429
6
6
94.7896
46
46
66.3485
7
7
93.9480
47
47
65.7594
8
8
93.1138
48
48
65.1756
9
9
92.2871
49
49
64.5969
10
10
91.4677
50
50
64.0234
11
11
90.6556
51
51
63.4549
12
12
89.8506
52
52
62.8915
13
13
89.0529
53
53
62.3331
14
14
88.2622
54
54
61.7797
15
15
87.4785
55
55
61.2311
16
16
86.7018
56
56
60.6875
17
17
85.9320
57
57
60.1486
18
18
85.1691
58
58
59.6146
19
19
84.4129
59
59
59.0853
20
20
83.6634
60
60
58.5607
21
21
82.9205
61
61
58.0407
22
22
82.1843
62
62
57.5254
23
23
81.4546
63
63
57.0146
24
24
80.7314
64
64
56.5084
25
25
80.0146
65
65
56.0067
26
26
79.3042
66
66
55.5094
27
27
78.6000
67
67
55.0166
28
28
77.9022
68
68
54.5281
29
29
77.2105
69
69
54.0439
30
30
76.5249
70
70
53.5641
31
31
75.8455
71
71
53.0885
32
32
75.1721
72
72
52.6171
33
33
74.5046
73
73
52.1500
34
34
73.8431
74
74
51.6869
35
35
73.1875
75
75
51.2280
36
36
72.5377
76
76
50.7732
37
37
71.8936
77
77
50.3224
38
38
71.2553
78
78
49.8756
39
39
70.6226
79
79
49.4327
40
40
69.9956
80
80
48.9938
 
 
 
 
 
 
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
(1)
(2)
(3)
(1)
(2)
(3)
81
81
48.5588
124
124
33.0917
82
82
48.1277
125
125
32.7979
83
83
47.7004
126
126
32.5067
84
84
47.2769
127
127
32.2181
85
85
46.8571
128
128
31.9320
86
86
46.4411
129
129
31.6485
87
87
46.0287
130
130
31.3675
88
88
45.6200
131
131
31.0890
89
89
45.2150
132
132
30.8130
90
90
44.8135
133
133
30.5394
91
91
44.4156
134
134
30.2682
92
92
44.0213
135
135
29.9995
93
93
43.6304
136
136
29.7331
94
94
43.2430
137
137
29.4691
95
95
42.8591
138
138
29.2075
96
96
42.4786
139
139
28.9481
97
97
42.1014
140
140
28.6911
98
98
41.7276
141
141
28.4364
99
99
41.3571
142
142
28.1839
100
100
40.9899
143
143
27.9337
101
101
40.6260
144
144
27.6856
102
102
40.2652
145
145
27.4398
103
103
39.9077
146
146
27.1962
104
104
39.5534
147
147
26.9547
105
105
39.2022
148
148
26.7154
106
106
38.8542
149
149
26.4782
107
107
38.5092
150
150
26.2431
108
108
38.1673
151
151
26.0101
109
109
37.8284
152
152
25.7792
110
110
37.4925
153
153
25.5503
111
111
37.1596
154
154
25.3234
112
112
36.8297
155
155
25.0986
113
113
36.5027
156
156
24.8757
114
114
36.1786
157
157
24.6549
115
115
35.8574
158
158
24.4360
116
116
35.5390
159
159
24.2190
117
117
35.2235
160
160
24.0040
118
118
34.9107
161
161
23.7908
119
119
34.6007
162
162
23.5796
120
120
34.2935
163
163
23.3702
121
121
33.9890
164
164
23.1627
122
122
33.6873
165
165
22.9571
123
123
33.3882
166
166
22.7533
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
(1)
(2)
(3)
(1)
(2)
(3)
167
167
22.5512
210
210
15.3681
168
168
22.3510
211
211
15.2317
169
169
22.1526
212
212
15.0965
170
170
21.9559
213
213
14.9624
171
171
21.7609
214
214
14.8296
172
172
21.5677
215
215
14.6979
173
173
21.3762
216
216
14.5674
174
174
21.1864
217
217
14.4381
175
175
20.9983
218
218
14.3099
176
176
20.8119
219
219
14.1828
177
177
20.6271
220
220
14.0569
178
178
20.4439
221
221
13.9321
179
179
20.2624
222
222
13.8084
180
180
20.0825
223
223
13.6858
181
181
19.9042
224
224
13.5643
182
182
19.7275
225
225
13.4438
183
183
19.5523
226
226
13.3245
184
184
19.3787
227
227
13.2062
185
185
19.2067
228
228
13.0889
186
186
19.0361
229
229
12.9727
187
187
18.8671
230
230
12.8575
188
188
18.6996
231
231
12.7433
189
189
18.5336
232
232
12.6302
190
190
18.3690
233
233
12.5181
191
191
18.2059
234
234
12.4069
192
192
18.0443
235
235
12.2968
193
193
17.8841
236
236
12.1876
194
194
17.7253
237
237
12.0794
195
195
17.5679
238
238
11.9721
196
196
17.4119
239
239
11.8658
197
197
17.2573
240
240
11.7605
198
198
17.1041
241
241
11.6560
199
199
16.9522
242
242
11.5526
200
200
16.8017
243
243
11.4500
201
201
16.6525
244
244
11.3483
202
202
16.5047
245
245
11.2476
203
203
16.3581
246
246
11.1477
204
204
16.2129
247
247
11.0487
205
205
16.0690
248
248
10.9506
206
206
15.9263
249
249
10.8534
207
207
15.7849
250
250
10.7570
208
208
15.6447
251
251
10.6615
209
209
15.5058
252
252
10.5669
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
Serial No.
Period in months between the date of actual payment and the extended date of payment
Percentage
(1)
(2)
(3)
(1)
(2)
(3)
253
253
10.4730
290
290
7.5294
254
254
10.3800
291
291
7.4626
255
255
10.2879
292
292
7.3963
256
256
10.1965
293
293
7.3307
257
257
10.1060
294
294
7.2656
258
258
10.0163
295
295
7.2011
259
259
9.9273
296
296
7.1371
260
260
9.8392
297
297
7.0738
261
261
9.7518
298
298
7.0110
262
262
9.6653
299
299
6.9487
263
263
9.5794
300
300
6.8870
264
264
9.4944
301
301
6.8259
265
265
9.4101
302
302
6.7653
266
266
9.3265
303
303
6.7052
267
267
9.2437
304
304
6.6457
268
268
9.1617
305
305
6.5866
269
269
9.0803
306
306
6.5282
270
270
8.9997
307
307
6.4702
271
271
8.9198
308
308
6.4128
272
272
8.8406
309
309
6.3558
273
273
8.7621
310
310
6.2994
274
274
8.6843
311
311
6.2435
275
275
8.6072
312
312
6.1880
276
276
8.5308
313
313
6.1331
277
277
8.4550
314
314
6.0786
278
278
8.3800
315
315
6.0247
279
279
8.3055
316
316
5.9712
280
280
8.2318
317
317
5.9181
281
281
8.1587
318
318
5.8656
282
282
8.0863
319
319
5.8135
283
283
8.0145
320
320
5.7619
284
284
7.9433
321
321
5.7107
285
285
7.8728
322
322
5.6600
286
286
7.8029
323
323
5.6098
287
287
7.7336
324
324
5.5600
288
288
7.6649
325
325
5.5106
289
289
7.5969
 
 
 
Note.—(1) The period in months, between the date of actual payment and the extended date of payment shall be the aggregate of, -
(a) the number of completed months contained in such period, and
(b) the number of obtained by dividing by thirty the sum of the number of days from the date of actual payment to the end of the month in which the payment is made and the number of days from the first day of the month in which the extended date of payment falls to date immediately preceding the extended date of payment:
Provided that, the number obtained under clause (b) shall be rounded off to the nearest integer:
Provided further that, if such number either contains or is a fraction, which is half, then the nearest integer of such fraction shall be deemed to be one.
Note. —(2) The net present value of the amount to be paid in lieu of deferred tax, shall be such percentage of deferred tax mentioned in column (3) of the Table for the corresponding period (as ascertained under Note (1) above) as respectively stated against it in column (2) thereof.