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Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of the DVAT Act 2004.
December, 09th 2013
         GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI
                 DEPARTMENT OF TRADE AND TAXES
             VYAPAR BHAWAN, I.P ESTATE, NEW DELHI-110002

No.F.7 (420)/VAT/Policy/2011/PF/1052-1058                                 Dated: 03-12-2013

                             CIRCULAR NO.28 of 2013-14

Sub: Procedure for Voluntary Disclosure of Tax Deficiency u/s 87(6) of the DVAT Act
     2004.

   1. Section87(6) provides for automatic mitigation of penalties and reads as under:
      "If-
           a. a person is liable to pay penalty under section 86 of this Act: and
           b. the person voluntarily discloses to the Commissioner, in writing, the
              existence of the tax deficiency, during the course of proceedings under
              section 60: and
           c. makes payment of such tax deficiency within three working days of the
              conclusion of the said proceedings, the amount of the penalty otherwise due,
              against the admitted and paid tax, shall be reduced by eighty percent. "

   2. Under section 86(1) "Tax Deficiency" means the difference between the tax properly
      payable by the person in accordance with the provision of this Act and the amount of
      tax paid by the person in respect of a calendar month.

      Explanations

     1. `Tax properly payable' includes the amount of tax under section 32 of the `Act'
     2. Due tax paid after the period specified in sub-section (4) of Section 3 of the Act, is
        also a tax deficiency.




   3. Under Section 2(1)(zi) "tax period" means the period prescribed in the rules made
      under this Act. Under Rule 26(1) of the DVAT Rules, 2005, the tax period for all the
      dealers shall be a quarter subjected to sub-rule (2) of rule 26. Further, under Rule
      2(3)(d) "quarter" means the periods of three calendar months-
      (i)     April 1 to June 30;
      (ii)    July 1 to September 30;
      (iii)   October 1 to December 31; and
      (iv)    January 1 to March 31.

   4. To avail the benefits of automatic mitigation of penalty u/s 87(6), the dealer can admit
      the amount of cash variation, stock variation and other discrepancies during the
      course of proceedings u/s 60. The same can be shown as "Un-vouched/ unaccounted
      retail cash sale" for one or more tax periods prior to the tax period during which the
      proceedings u/s 60 is being carried-out.
   5. The dealer could pass necessary accounting entry in its books of account as under:
       Cash Account Dr.
            Sales Account Cr.
       (Being un-vouched / unaccounted retail cash sale effected during the tax period
       from................. to ..............................).

   6. The dealer shall also make payment of the admitted tax deficiency within three
      working days of the conclusion of the proceedings u/s 60. Thereafter, the dealer after
      passing the necessary accounting entry in the book of account shall file revised return
      u/s 28 of the DVAT Act, for the earlier tax periods in which un-vouched/unaccounted
      sale is admitted.

   7. In such a scenario the need for default assessment of the dealer consequent to survey
      will not exist if the Assessing Officer (Enforcement) is satisfied with the revised
      return.

       This issues with the prior approval of Commissioner, Value Added Tax.

                                                                 (SANJEEV AHUJA)
                                                      SPL. COMMISSIONER (POLICY)

No.F.7 (420)/VAT/Policy/2011/PF/1006-1012                                 Dated:




Copy forwarded for information and necessary action to:

   1. All Spl./Addl./Joint Commissioners, Department of Trade and Taxes, GNCT of Delhi,
      Vyapar Bhawan I.P Estate, New Delhi-02
   2. Dy. Director (Policy), Department of Trade and Taxes, GNCT of Delhi, Vyapar
      Bhawan I.P Estate, New Delhi-02.
   3. Programmer(EDP), Department of Trade and Taxes, GNCT of Delhi, Vyapar Bhawan
      I.P Estate, New Delhi-02 for uploading the circular on the website of the department.
   4. The President/General Secretary, Sales Tax Bar Association(Regd), Vyapar Bhawan
      I.P Estate, New Delhi .
   5. All VATOs/AVATOs Department of Trade and Taxes, GNCT of Delhi, Vyapar
      Bhawan I.P Estate, New Delhi-02
   6. PS to the Commissioner, VAT Department of Trade and Taxes, GNCT of Delhi,
      Vyapar Bhawan I.P Estate, New Delhi-02.
   7. Guard File.


                                                             (LOKESH CHANDRA)
                                                ASSISTANT COMMISSIONER (POLICY)

 
 
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