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Delhi Value Added Tax (DVAT) Act, 2004 Salient Features
January, 02nd 2013

OUR MOTTO: PUTTING PEOPLE FIRST

OUR MESSAGE: VALUE ADDED TAX IS YOUR MONEY FOR YOUR CITY

OUR MISSION:

  • A courteous, helpful and citizen-friendly attitude towards people.
  • Sustained efforts to improve the standards and quality of service
  • To seek cooperation of citizens for obedience and implementation of the laws.

OUR VISION: BHAGIDARI:

  • YOUR TAX MONEY CONTRIBUTES TO THE GROWTH AND DEVELOPMENT OF DELHI, MAKING IT A WORLD CLASS CITY

WE EXPECT:

  • YOU PAY TAX AND INSIST ON OBTAINING INVOICE FROM THE SELLER.
  • EVERY DEALER ISSUES INVOICE TO THE BUYER, COLLECTS TAX AND PAYS IT TO THE GOVERNMENT TIMELY.

1. DELHI VALUE ADDED TAX (DVAT) ACT, 2004. Salient Features:

    • DVAT is a multi-stage tax on sale of goods, work contract, lease and hire purchase in Delhi.
    • Delhi Value Added Tax Act, 2004 replaced four statutes: Delhi Sales Tax Act, 1975, Delhi Sales Tax on Works Contract Act, 1999, Delhi Tax on Entry of Motor Vehicles into Local Areas Act, 1994 and Right to Use Goods Act, 2002.

MECHANISM:

  • Taxable Sales  X  Tax Rate = Tax charged on Sales
  • Tax charged on Sales = Output Tax
  • Tax paid on Purchases = Input Tax
  • Net Tax (if positive) = Tax payable 
    (Output-Input)
  • Net Tax (if negative) = Tax Refundable

All interstate transactions are governed by the Central Sales Tax (CST) Act, 1956. You can offset your CST liability against excess tax credit available under DVAT.

 
 
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