Amendment in DVAT 2005 - F.3(2)/Fin(T&E)/2007-08/(iv)/dsfte/353 - Delhi Value Added Tax

Amendment in DVAT 2005

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

GOVERNMENT OF NATIONALCAPITALTERRITORY OF DELHI

FINANCE (T&E) DEPARTMENT

DELHI SACHIVALAYA, I.P.ESTATE: NEW DELHI-02

NOTIFICATION

No.F.3(2)/Fin(T&E)/2007-08/(iv)/dsfte/353

Dated: 14.05.2007

No.F. 3(2)/Fin(T&E)/2007-08/(iv) -WHEREAS the Lt. Governor of the National Capital Territory of Delhi is of the opinion that it is expedient in the interest of general public so to do.

            Now, therefore, in exercise of the powers conferred by section 102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the Lt. Governor of the National Capital Territory of Delhi, hereby, makes the following rules to further amend the Delhi Value Added Tax Rules, 2005, namely:-

RULES

1.  Short title and commencement. - (1) These rules may be called the Delhi Value Added Tax (Amendment) Rules, 2007.

(2)  They shall come into force with immediate effect.

2. Amendment of rule 7. - In the Delhi Value Added Tax Rules, 2005 (hereinafter referred to as "the principle Rules"), in rule 7,-

(i) for sub-rule (1), the following sub-rule shall be substituted, namely:-

"(1) For the purposes of sub-section (6) of section 9 and sub-section (3) of section 10, the tax credit shall be reduced by the following prescribed percentages:-

(a)   in the case of goods specified in the Second Schedule - 100 percent      

(b)  in the case of goods specified in the Third Schedule - 75 percent

(c)   in the case of goods specified in the Fourth Schedule - 15 percent

(d)  in the case of any other goods specified in clause (e) of sub-section (1) of section 4 -  24 percent"

(ii) in sub-rule (4), for the word and figure "4 percent" occurring at the end, the word and figure "3 percent" shall be substituted.

3.  Amendment of Forms  DVAT 16 and DVAT 51. -   In the principal Rules, in the Forms appended thereto,-

(i) in Form DVAT 16, for the words and letters "Against C/D Forms" occurring in the field R11.1, the words and letters "Against C Forms" shall be substituted; and

(ii)  in Form DVAT 51,-

(a)  for the field 4, the following field shall be substituted, namely,

"4.       C forms

Sale against C         Sale mentioned in (a)   CST payable due to  Interest payable

            forms claimed in     for which C form              difference in (a)     

            the returns (Rs.)        are attached (Rs.)            and (b)

                    (a)                                             (b)                                             (c)                         (d)

            _____________         __________________    ______________       __________"; and

(b)  the field number 13 shall be omitted and the field numbers 14 to 19 shall be re-numbered as the field numbers 13 to 18, respectively.

By order and in the name of

the Lt. Governor of the National

Capital Territory of Delhi,

                                                                                                                          Sd/-

   (Ajay Kumar Garg)

            DY. SECRETARY, FINANCE (T&E)

 

No.F.3(2)/Fin(T&E)/2007-08/(iv)/dsfte/353 

Dated: 14.05.2007

Copy forwarded for information and necessary action to:-

1. The Pr. Secretary (GAD), Govt. of NCT of Delhi with one spare copy for its publication in Delhi Gazette Part-IV (extraordinary) in today's date.

2.  The Secretary to Finance Minister, GNCT of Delhi, Delhi Sachivalaya, I.P.Estate, New Delhi

3.  The Commissioner, Department of Trade and Taxes, Bikri Kar Bhawan, IP Estate, New Delhi.

4.  The Deputy Secretary (L&J), GNCT of Delhi, Delhi Sachivalaya, I.P.Estate, New Delhi.

5.  The Registrar, Sales Tax Appellate Tribunal, Bikri Kar Bhawan, I.P.Estate, New Delhi

6.  VAT Officer (Policy), Sales Tax Department, Govt. of NCT of Delhi, New Delhi

7. Guard File.

                                                                                                                     Sd/-

   (Ajay Kumar Garg)

            DY. SECRETARY, FINANCE (T&E)