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« VAT (Value Added Tax) »
 GST regime: VAT Commissioner and CBEC to work with businesses
 Amendments in the Second Schedule appended to the Act (Delhi Value Added Tax Act, 2004)
 Guidelines relating to downloading of Statutory Forms-Modification thereof
  Grant of Registration under DVAT & CST
 VAT on petroleum products to continue, to be decided by GST Council
 Government rolls out settlement scheme to clear VAT, CST dues
 Maharashtra government offers VAT benefit to realty buyers
 Govt should focus on income tax instead of VAT
 Amendments in the second Schedule received from Finance Deptt.
 VAT exemption stays in tax reform bill
 Income Tax Appellate Tribunal Bangalore Banches Bangalore 'A' Bench DB Case Causelist for The Week from 22-05-2017 To 25-05-2017

Delhi Value Added Tax (DVAT) Act, 2004 Salient Features
October, 25th 2012

OUR MOTTO: PUTTING PEOPLE FIRST
OUR MESSAGE: VALUE ADDED TAX IS YOUR MONEY FOR YOUR
CITY
OUR MISSION:
A courteous, helpful and citizen-friendly attitude towards people.
Sustained efforts to improve the standards and quality of service
To seek cooperation of citizens for obedience and implementation of the
laws.


OUR VISION: BHAGIDARI:
YOUR  TAX  MONEY  CONTRIBUTES  TO  THE  GROWTH  AND
DEVELOPMENT OF DELHI, MAKING IT A WORLD CLASS CITY
     WE EXPECT:
YOU PAY TAX AND INSIST ON OBTAINING INVOICE FROM THE
SELLER.
EVERY DEALER ISSUES INVOICE TO THE BUYER, COLLECTS
TAX AND PAYS IT TO THE GOVERNMENT TIMELY.
1. DELHI VALUE ADDED TAX (DVAT) ACT, 2004. Salient
Features:
DVAT is a multi-stage tax on sale of goods, work contract, lease and hire
purchase in Delhi.
Delhi Value Added Tax Act, 2004 replaced four statutes: Delhi Sales Tax
Act, 1975, Delhi Sales Tax on Works Contract Act, 1999, Delhi Tax on
Entry of Motor Vehicles into Local Areas Act, 1994 and Right to Use
Goods Act, 2002.


   MECHANISM:
Taxable Sales  X  Tax Rate = Tax charged on Sales
Tax charged on Sales =  Output Tax
Tax paid on Purchases =  Input Tax
Net Tax (if positive)  =  Tax payable (Output-Input)
Net Tax (if negative) =  Tax Refundable
All interstate transactions are governed by the Central Sales Tax (CST) Act,
1956. You can offset your CST liability against excess tax credit available under
DVAT.

 
 
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