Message From the Commissioner |
1 |
Contents |
2 |
Part 1 - How DVAT Works |
5 |
What is DVAT? 5 DVAT Mechanism |
5 |
What Happens to CST? |
6 |
Who is Covered Under the DVAT System? |
6 |
What Do You Need to Do Once Registered? |
6 |
How Are You Assessed? |
6 |
Do You Still Need to Collect and Issue Declaration Forms Under DVAT Act? |
7 |
Other Things You Should Know |
7 |
Part 2 - Registration |
8 |
Who Should Register? |
8 |
Registration for Dealers Already Registered Under DST/CST |
8 |
How to Register? |
9 |
When Will You be Registered |
9 |
Rights & Responsibilities as a Registered Dealer |
10 |
Credit for Stock Brought Forward During Transition |
10 |
Amendment/Cancellation of Registration Certificate |
10 |
De-Registration 11 Registration of a Casual Dealer |
11 |
Consequences of Registration as a Casual Dealer |
11 |
Part 3- Calculation of Taxes |
13 |
Basic Concepts: |
13 |
Types of Sales |
14 |
What Input Tax Credits Can You Claim: |
15 |
Adjustments to Tax Credits |
15 |
Refund or Carry Forward of Excess Tax Credits |
16 |
Rates of Tax 16 Packing Materials and Containers |
16 |
Other Rules for Calculating the Tax |
16 |
Sale Price and Taxable Turnover |
16 |
Time of Sale and Purchase |
17 |
Tax Period |
17 |
Part 4- Books and Records |
18 |
Accounting Basis |
18 |
Accrual Basis |
19 |
Cash Basis |
19 |
Tax Invoice |
19 |
What Should a Tax Invoice Contain |
19 |
Duplicate and Proforma Tax Invoices |
20 |
Retail Invoice |
20 |
Credit and Debit Notes |
20 |
Part 5 - Payment of Taxes and Submission of Returns |
21 |
When to Pay Your Taxes |
21 |
How and Where to Pay Your Taxes |
21 |
What if You Delay in Making the Payments |
21 |
How is Interest Calculated? |
21 |
Tax Returns |
22 |
When Should You File Your Return |
22 |
Revised Return |
22 |
When to Submit Your CST Returns |
22 |
Annual Reconciliation Statement |
23 |
Part 6 - Refunds and Adjustments |
25 |
Refunds |
25 |
When Can Your Refund be Withheld? |
25 |
Interest on Refunds |
25 |
Manner in Which a Claim of Refund is to be Made |
25 |
Security for Cash Refund |
26 |
Adjustments |
26 |
Adjustment to Tax When There is a Change in the Nature of the Sale |
26 |
Adjustment to Tax for Goods Used for Mixed Purposes |
27 |
Adjustments to Tax Credit |
28 |
Adjustment to Tax Credit Due to a Change in Price |
28 |
Adjustment to Tax Credit for Change of Use |
28 |
Adjustment for Bad Debts |
29 |
Part 7 - Assessment and Audit |
31 |
Assessment |
31 |
When are You Assessed |
31 |
Self-Assessment |
31 |
Default Assessment |
31 |
Assessment of CST |
31 |
Limitation on Assessment and Re-assessment |
32 |
Interest on Additional Tax Owed |
32 |
Audit |
32 |
Part 8 - Border Controls and Checkposts |
33 |
Entry of Goods in Delhi |
33 |
Refusal of Entry of Goods |
33 |
Removal of Goods |
34 |
Custody, Return and Disposal of Goods Seized |
34 |
Part 9 - Special Transactions |
35 |
Second-Hand Goods |
35 |
Hire Purchase |
36 |
Repossessions |
36 |
Leases |
37 |
Works Contract |
37 |
Tax Deductions at Source |
39 |
Advance Payments |
39 |
Agents |
39 |
Composition Scheme for Specified Dealers |
40 |
Tax Payable Under Composition Scheme |
40 |
Restrictions |
40 |
Tax on Opening Stock . |
40 |
Related Parties |
41 |
Part 10 - Transitional Provisions |
42 |
Registration During Transition |
42 |
Transitional Credit on Opening Stock Held on April 1, 2005 |
42 |
How to Go About It |
42 |
Restriction on the Credit |
43 |
How Much Transitional Stock Credit Can You Claim? |
43 |
Annexures |
44 |
Form DVAT 02 |
49 |
Form DVAT 03 |
54 |
Form DVAT 4A |
59 |
Form DVAT 05 |
64 |
Form DVAT 06 |
65 |
Form DVAT 07 |
66 |
Form DVAT 09 |
80 |
Form DVAT 16 |
83 |
Form DVAT 17 |
86 |
Form DVAT 18 |
88 |
Form DVAT 20 |
92 |
Form DVAT 21 |
100 |
Form DVAT 21A |
102 |
Form DVAT 22 |
103 |
Form DVAT 23 |
105 |
Form DVAT 24 |
108 |
Form DVAT 32 |
109 |
Form DVAT 33 |
110 |
Form DVAT 34 |
112 |
Form DVAT 35 |
117 |
Form DVAT 35A |
122 |
Form DVAT 35B |
124 |
Form DVAT 37 |
125 |
Form DVAT 43 |
126 |
Form DVAT 44 |
127 |
Form DVAT 45 |
128 |
Form DVAT 46 |
129 |
Form DVAT 48 |
130 |
Services You May Need |
131 |
Commissioner of Delhi Value Added Tax |
131 |
Our Address |
131 |
Our Telephone Numbers |
131 |
Our E-mail Address 131 Our Website |
131 |