Section 95 - Dealer to declare the name of manager of business, Permanent Account Number and IEC (Importer Exporter Code) - Delhi Value Added Tax Act, 2004

CHAPTER XIV Miscellaneous 95. 1 [ 3 [ Dealer to declare the name of manager of business, Permanent Account Number and IEC (Importer Exporter Code)] (1) Every dealer being a Hindu undivided family or an association of persons or club or society or firm or company or any person or body who is engaged in business as the guardian or trustee or otherwise on behalf of another person, and who is liable to pay tax under this Act, shall, within the period prescribed, furnish a declaration in the manner prescribed, stating the name of the person or persons who shall be deemed to be the manager or managers of such person's business for the purposes of this Act. (2) The declaration furnished under sub-section (1) of this section may be revised from time to time as required. 2 [ 4 [ (3) Every dealer at the time of applying for regulation under this Act shall mention the Permanent Account Number (PAN) obtained under the Income Tax Act, 1961 (43 of 1961) : PROVIDED that the dealers already registered under the Act shall intimate Permanent Account Number (PAN) obtained under the Income Tax Act, 1961 (43 of 1961) in the prescribed form, within two months of notification of the amendment. (3A) Every dealer liable to pay tax under this Act and having an IEC (Importer Exporter Code) under The Foreign Trade (Development And Regulation) Act, 1992 (No. 22 of 1992) , shall Mention the IEC (Importer Exporter Code), at the time of applying for registration under this Act,: PROVIDED that the dealers already registered tinder the Act and having IEC (Importer Exporter Code) under the Foreign Trade (Development and Regulation) Act, 1992 (No. 22 of 1992) shall intimate the details In the prescribed form, within two months of notification of this amendment.: PROVIDED FURTHER that every dealer registered under the Act, who obtains an IEC (Importer Exporter Code) under the Foreign Trade (Development And Regulation) Act, 1992 (No. 22 of 1992) , subsequently shall provide the IEC details in the prescribed form, within 15 days of obtaining the IEC. ] 5 [ (4) Any person who falls to furnish a declaration or, as the case may be, a revised declaration as provided in sub-section (1) and sub-section (2) of this section or fails to provide details of the Permanent Account Number obtained under the Income Tax Act, 1961, (43 of I961), as provided in sub-section (3) of this section or fails to provide the IEC (Importer Exporter Code) under The Foreign Trade (Development And Regulation) Act, 1992 (No. 22 of 1992) as provided in sub-section (3A) of this section, shall be liable to pay, by way of penalty, sum equal to Rupees one thousand per week of default subject to a maximum of fifty thousand rupees. ] -------------------------------- Notes:- 1. Substituted vide DVAT (Second Amendment) Act, 2005; No.F.14(29)/LA/2005/333, Dated 16.11.2005 . w.e.f. 16.11.2005. before it was read as:- Dealer to declare the name of manager of business 2. Inserted vide DVAT (Second Amendment) Act, 2005; No.F.14(29)/LA/2005/333, Dated 16.11.2005 . w.e.f. 16.11.2005. 3. Substituted vide Notification No.F.14(13)/LA-2012/law/179., dated 28.12.2012 , before it was read as:- Dealer to declare the name of manager of business and permanent account number] Rule 18 4. Substituted vide Notification No.F.14(13)/LA-2012/law/179., dated 28.12.2012 , before it was read as:- Every dealer liable to pay tax under this Act who is liable to obtain a Permanent Account Number (PAN) under the Income Tax Act, 1961, (43 of 1961), shall communicate to the Commissioner, in the prescribed time and manner, the said number if he has obtained the same and, in any other case, shall state whether he has applied for the same and provide the details of the application 5. Substituted vide Notification No.F.14(13)/LA-2012/law/179., dated 28.12.2012 , before it was read as:- Any person who fails to furnish a declaration or, as the case may be, a revised declaration as provided in sub-section (1) and sub-section (2) of this section or fails to communicate the permanent account number obtained under the Income Tax Act, 1961 (43 of 1961) or as the case may be, fails to state whether he has applied for the same and fails to provide the details of the application, as provided in sub-section (3) of this section, shall be liable to pay by way of penalty, a sum of ten thousand rupees.