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Form DVAT 02 - Application For Opting For Composition Scheme by a dealer registered during transition
October, 06th 2012
                                    Department of Trade and Taxes
                                     Government of NCT of Delhi


                                           Form DVAT 02
                                             [See Rule 5(3)]
                                                PART - A
                         Application For Opting For Composition Scheme

       (Only to be used by a dealer registered under Delhi Sales Tax Act or Delhi Sales tax on
                 Works Contract Act or Delhi Sales Tax on Right to Use Goods Act)



1. Registration No. under Delhi Sales Tax Act or
   Delhi Sales tax on Works Contract Act or Delhi
   Sales Tax on Right to Use Goods Act


2. Full Name of Applicant Dealer
   (For individuals, provide in order of
   first name, middle name, surname)



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


4. Year in which composition scheme is sought*                            2   0    0    5   -   2   0   0   6
  * 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
                               (i) Trading Stock
   beginning of the current
   year [under section 16(6)] (Iii) Raw material
                                    (iii) Packaging Material
                                    (iv) Finished Goods
                                                               Total
  (* Please complete Annexure 1)
 8.     Details of Tax paid            Description*
        calculated as per (7)
                              (i) Amount of tax paid (Rs.)
        above
                              (iii) Date of Deposit                               /        /
                                                                         dd           mm       yyyy
                                      (iii) Challan No. if any
      (* Please attach original challan / proof of deposit under section 16(8))

 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 and Rule 5(3)):
1.     Dealers opting for the composition scheme would be liable to pay tax @ one per cent on his
       turnover.
2.     The application for opting to pay tax under the composition scheme has to be filed by 30th April
       2005.
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 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 meant for resale 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 fifty
         lakh rupees during the year, he shall be liable to pay tax under section 3 on and from the day his
         turnover exceeds fifty lakh rupees. 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 1st April 2005, provided the goods have not suffered tax under the Delhi Sales Tax Act or
         Delhi Sales tax on Works Contract Act or Delhi Sales Tax on Right to Use Goods Act.
7.       The dealer opting for the composition scheme cannot claim input tax credit on the opening stock of
         trading stock, raw materials, packaging material and finished goods lying with by him on 1st April
         2005, on which tax has already been levied under the Delhi Sales Tax Act or Delhi Sales tax on
         Works Contract Act or Delhi Sales Tax on Right to Use Goods Act.
8.       Dealers would be required to retain the tax invoices and retail invoices for all his purchases as
         required u/s 48 i.e. for a period of at least seven years.





                                             Form DVAT 02
                                                   PART - B
(i) Details of Trading Stock as at 1st April, 2005 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, 2005)

(ii) Details of Raw Material as at 1st April, 2005 and tax payable thereon.
              Rate wise details of the     Purchase Value       Fair Market Value*     Tax Payable (Rs.)
                  Raw 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, 2005)
(iii) Details of Packaging Material as at 1st April, 2005 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
                                           form to (7)(iii)
  E      Total
      (* As at 1st April, 2005)

(iv) Details of Finished Goods as at 1st April, 2005 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, 2005)

 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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