Issuance of Statutory Forms In Advance - VAT - Delhi - 24 OF 2012-13

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (Policy Branch) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No. F.3/310/Policy/VAT/2012/964-970 Dated 12.12.2012 CIRCULAR NO. 24 OF 2012-13 Subject:- issuance of statutory forms in advance The matter regarding advance issue of C Forms has been examined. As a matter of policy, it has been decided to discourage advance issue of forms. However, advance C-forms may be issued by the Assessing Authority in exceptional circumstance as per procedure laid down herein after seeking prior approval of the Special Commissioner-II, on file. Before issuing advance forms, it should be ensured that the item is allowed on the Central RC of the purchasing dealer for the stated purpose. In order to check any misuse of these forms, the Assessing Authority directed to strictly follow the following guidelines. (i) The purchasing dealer shall enclose a letter with the requisition slip from selling dealer clearly stating the goods will be dispatched only against advance statutory forms . (ii) Name Address of the Assessing Authority of the selling dealer alongwith Copy of Registration Certificate of selling dealer may be made available by purchasing dealer. (iii) Performa invoice indicating the amount of purchase, excluding CST, cash discount, job work, cost of freight, delivers, freight or Installation, if separately charged and admissible as deduction. In certain cases freight, etc, is not admissible for deduction even if separately shown. (iv) Advance forms may be issued through the DVAT system only. (v) The form may be duly filed in recording the Name, RC No. of the dealer as well as its selling dealer and on the top of original copy, it may recorded in red ink ADVANCE FORM issued for a sum not exceeding Rs.-------------- (as mentioned on Performa invoice) for purchase of ------------------item valid for----------------(FY). A transparent tape may be pasted on the above words. (vi) Adequate security should be obtained from the purchasing dealer (considering existing security, if any, and the quantum of C-forms required) to safeguard against possible misuse of form (Prashant Goyal) Commissioner of Value Added Tax No. F.3/310/Policy/VAT/2012/964-970 Dated 12.12.2012