| 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 |
