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Form DVAT 01 - Application For Opting For Composition Scheme by a dealer registered
October, 05th 2012
                                       Department of Trade and Taxes
                                        Government of NCT of Delhi


                                              Form DVAT 01
                                                [See Rule 5(2)]
                                                   PART - A
                             Application For Opting For Composition Scheme

1. TIN


2. Full Name of Applicant Dealer




3. Nature of Business              Trader       Manufacturer               Works          Leasing      Others
                                                                           Contractor                      (specify)
     (Tick ; all applicable)
                                                                                                           _______





4. Year for which composition scheme is sought*                                               -
     * hereinafter referred to as "current year"

5. Turnover in the preceding year                                 (Rs.)


6. Estimated Turnover in the current year                         (Rs.)


7. Tax Payable on Opening               Description*                                   Tax Payable (Rs.)
   Stock lying at the beginning
                                (i) Trading Stock
   of    the    current    year
   [u/s 16(9)]                  (Iii) Raw material
                                       (iii) Packaging Material
                                       (iv) Finished Goods
                                                                  Total
     (* Please complete Annexure 1)

8.     Details of Tax paid                      Description
      calculated as per (7) above
                                       (i) Amount of tax paid* (Rs.)
                                       (iii) Date of Deposit                       /              /
                                                                            dd           mm                yyyy
                                       (iii) Challan No. if any
     (* Please attach original challan / proof of deposit)
 9. Verification
 I/We __________________________________________ hereby solemnly affirm and declare that the
 information given hereinabove is true and correct to the best of my/our knowledge and belief and
 nothing has been concealed therefrom.
 Signature of Authorised Signatory                   _______________________________________
 Full Name (first name, middle, surname)             _______________________________________
 Designation/Status                                  _______________________________________


 Place


 Date
             Day         Month          Year


Instructions for dealers opting for composition scheme (For details refer section 16 of the Act and Rule
5 of these rules)
1.   Dealers opting for the composition scheme would be liable to pay tax @1% on his turnover.
2.   The application for opting to pay tax under the composition scheme has to be filed within thirty
     days from the beginning of the current year.
3.   Following class of dealers are not eligible to opt for the composition scheme:
     -   Dealers whose turnover during the preceding year or expected turnover during the current year
         exceeds Rs. fifty lakh rupees
     -   Dealers procuring goods from any place outside Delhi or selling or supplying goods to any
         place outside Delhi at any time during the current year.
     -   Dealers registered under the Central Sales Tax Act, 1956.
4.   Dealers opting for the composition scheme cannot -
     -   make purchases of goods from a person who is not a registered dealer under the Act;
     -   issue a tax invoice;
     -   collect any amount of tax under the Act from customers; or
     -   claim input tax credit on their purchases
5.   Once the dealer has opted for the composition scheme, the option of withdrawal is available only
     after the end of the year in which the option is made. Thus, dealers have to continue under the
     instant scheme up to the end of the financial year and the option of withdrawal would be available
     only at the beginning of next financial year. However if the turnover of the dealer exceeds Rs.50
     lacs during the year, he shall be liable to pay tax under section 3 on and from the day his turnover
     exceeds Rs.50 lacs. Such dealer shall intimate the Commissioner within 7n days of his becoming
     liable to pay tax under section 3.
6.       The dealer opting for the composition scheme has to pay tax at rates specified in section 4 of the Act
         on the stock of trading stock, raw materials, packaging material and finished goods lying with him on
         first day of the financial year for which composition scheme is opted for.
7.       Dealers would be required to retain the tax invoices and retail invoices for all his purchases as
         required u/s 48 of the Act i.e. for a period of at least seven years.





                                                   Form DVAT 01
                                                         PART - B
                                                   Calculation Sheet
(i) Details of Trading Stock as at 1st April, ________ of the current year and tax payable thereon.

             Rate wise details of the         Purchase Value         Fair Market Value*   Tax Payable (Rs.)
                 Trading Stock                     (Rs.)                   (Rs.)
     A    Goods taxable at 1%
     B    Goods taxable at 4%
     C    Goods taxable at 12.5%
     D    Goods taxable at 20%
                                                   Carry to main
     E    Total                                    form to (7)(i)
         (* As at 1st April of the current year)
(ii) Details of Raw Material as at 1st April, _________ of the current year and tax payable thereon.
           Rate wise details of the Raw       Purchase Value         Fair Market Value*   Tax Payable (Rs.)
                    Material                       (Rs.)                   (Rs.)
     A    Goods taxable at 1%
     B    Goods taxable at 4%
     C    Goods taxable at 12.5%
     D    Goods taxable at 20%
                                                   Carry to main
     E    Total                                    form to (7)(ii)
         (* As at 1st April of the current year)
(iii) Details of Packaging Material as at 1st April, _________ of the current year and tax payable
thereon.
             Rate wise details of the         Purchase Value         Fair Market Value*   Tax Payable (Rs.)
              Packaging Material                   (Rs.)                   (Rs.)
     A    Goods taxable at 1%
     B    Goods taxable at 4%
     C    Goods taxable at 12.5%
     D    Goods taxable at 20%
                                              Carry to main
     E    Total                               form to (7)(iii)

         (* As at 1st April of the current year)
(iv) Details of Finished Goods as at 1st April, _______ of the current year and tax payable thereon.
           Rate wise details of the        Purchase Value      Fair Market Value*     Tax Payable (Rs.)
            Packaging Material                  (Rs.)                (Rs.)
  A      Goods taxable at 1%
  B      Goods taxable at 4%
  C      Goods taxable at 12.5%
  D      Goods taxable at 20%
                                          Carry to main
  E      Total                            form to (7)(iv)

      (* As at 1st April of the current year)
V. Verification
 I/We __________________________________________ hereby solemnly affirm and declare that the
 information given hereinabove is true and correct to the best of my/our knowledge and belief and
 nothing has been concealed therefrom.


 Signature of Authorised Signatory                    _______________________________________

 Full Name (first name, middle, surname)              _______________________________________


 Designation/Status                                   _______________________________________



 Place


 Date
                 Day      Month            Year
 
 
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