Notification regarding procedure and form for filing Audit Report. - F.7(420)/Policy/VAT/2011/1203-1213 - Delhi Value Added Tax

(TO BE PUBLISHED IN PART IV OF THE DELHI GAZETTE EXTRAORDINARY)

GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI

DEPARTMENT OF TRADE AND TAXES

VYAPAR BHWAN , I.P. ESTATE, NEW DELHI-110002

 

No. F. 7(420)/Policy/VAT/2011/1203-1213           

Dated:-11.02.2013

 Notification

In exercise of the powers conferred under Section 49 read with Rule 42A of the Value Added Tax Rules, 2005 and Section 70 of the Delhi Value Added Tax Act, 2004 (Delhi Act No. 3 of 2005), I, Prashant Goyal, commissioner, Balue Added Tax, Government of National Capital Territory of Delhi hereby notify the procedure and form for filling Audit Report as under:-

1. Every registered dealer liable to get his accounts audited as per Section 49 of the Act read with Rule 42-A of the Rules shall furnish audit report in Form AR-1 within seven and a half months from the end of the year in duplicate. This notification is applicable only for dealers with a gross turnover of Rs. 10 Crore (rupees ten crore  and above in 2011-12 or in any of the subsequent financial years. Dealers exclusively dealing in commodities listed in the First Schedule appended to the Act and the dealers with 100% export turnover shall be exempted from furnishing audit report under this notification.

2. FORM AR-1

 

Place

Date:                     Seal                                               Signature

                                                                                    Name

                                                                                    Enrolment/ Membership No.

 This notification shall come into force with effect from the financial year 2012-13. Dealers liable to file Audit Report under this Notification shall submit the same in respect of financial year 2012-13 on or before 15^th November, 2013.

(PRASHANT GOYAL)

COMMISSIONER, VALUE ADDED TAX