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Question on Current DST/CST/WCT etc.
October, 23rd 2012
Q.1 Can the registration be obtained from the business premises which are located ? 

a) in residential colonies,
b) non-commercial establishments,
c) on encroached Govt./State land,
d) unauthorized colonies etc.

A. Of late there has been much talk about feasibility of asking for no objection from DDA/Dte. of Estate/Land & Building Department etc. However, neither the sections nur rules confer any right on a third party to file objections at the stage of grant of registration to a dealer. The inquiry that is contemplated under the rules intents to enable the registration authority to find out whether the application submitted for registration is bonafied or not and whether the particulars mentioned therein are correct or not. If registration authority is satisfied with the particulars & bonafied nature of application and has granted registration, it is not open to the third party to question the authority of certificate of registration.
Q.2 If I am neither exporter or inter-state dealer, when could I obtain Registration ?
A. In case of local business only whenever your turnover for the financial year exceeds taxable quantum, you should apply within 30 days. You can also obtain voluntary registration after conducting sales work Rs. 25000/- if you so desire.
Q.3 What is the taxable quantum ?
a) In case of exporter or inter-state dealer - as and when the first sale is carried out;
b) In case of manufacturer reseller etc. - Rs.10 Lakh.

Q.4 What is understood by the term " Goods required for use in manufacture" ?

For goods to be entered in the registration certificate for use in manufacture only those goods which are raw material and converted into finished products are to be allowed. The consumable goods which are not part of the end product are not allowed to be entered in the R.C.

Q.5 What could be the modes by which the dealer may be required to furnish surety ?
A. The assessing authority may require the dealer to furnish the surety in any one or more of the modes and terms specified in ; 

1)Promissory notes of stock certificates of any State Govt.
1)Post Office cash certificate, treasury/saving deposits, HSC etc.
1)Post office savings bank pass books
1)Municipal debentures or Post Trust Bonds
1)Bonds or Debentures issues by appropriate bodies.
1)Deposits receipt of any schedules bank
1)Mortgage bond of any immovable property. 
1)Back guaranties of Scheduled Banks.
1)Registered Dealers Sureties.
Q.6 What is Work Contract?
A. A works Contract in simple terms is a Contract for carrying out certain work on movable and immovable property of others.
Q.7 What is General rate of Tax?
A. There are Four Schedules prescribed for rate of tax Ist is @ Nil, IInd is @ 1% & III rd is @ 5% schedule is tax free and IVth is @ 20% .The items which are not comed in any of these schedules are taxable @ 12.5%.
Q.8 What are the events requiring amendments?

(i) Effects any change in name ownership or place of his business.
(ii) Effects godown addition or modification in the description of any goods or class of goods specified in his registration certificate

Q.9 What are the information required to be submit tax for amendments:
A. In case of addition of items in the registration certificate photocopy of purchase bill is required under central sales Tax Act but no such intimation under Delhi Value Added Tax Act is required. 
(i) In case of change of business premises: Rent receipt or proof of ownership of premises and NOC from landlord are to be attached with the application of amendment.
(ii) In case of admission / deletion of partner: Intimation shall be given to the assessing officer within 30 days-a copy of dissolution deed and alongwith NOC from surety form or new partnership deed shall also be filed alongwith intimation application by the existing firm.
(iii) In case of death of a registered dealer his legal representative shall give information within 30 days from date of death of such dealer to the concerned Ward Incharges.
Q.10 What are the circumstances under which cancellation of R.C. can be applied:-
A. Permanent Closure of business:
If a registered dealer had discontinued his business permanently than he can surrender the R.C. for cancellation .
Q.11. What are declared goods ?
A. Declared goods are the goods of special importance in inter state trade or commerce as prescribed under section 14 of the central sale tax act . such as Iron & Steel,Coal, Crude oil, hides & Skins and oil Seeds etc.
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