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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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