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TMI BlogComposition scheme for specified dealers Rule 5X X X X Extracts X X X X X X X X Extracts X X X X ..... t any time during the year in which he opts to pay tax under this 10[sub-section] or if he is registered 1[in Delhi] under the Central Sales Tax Act, 1956 (74 of 1956). 11[Provided further that in case the Government has notified a composition scheme for a class of dealers under sub-section (12) of this Section, such dealers shall not have an option to pay tax under this sub-section.] (2) At the time of making application for registration under section 19 of this Act, the dealer covered under sub-section (1) shall be required to specify if he intends to pay tax under this section: Provided that once the dealer chooses to pay tax under this section, the option may be reversed only after the end of the year for which the option is made, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Act; Provided that this restriction shall not apply for the purchase of goods from an unregistered dealer dealing exclusively in goods mentioned in the First Schedule] (b) not compute his net tax under section 11 of this Act; (c) not be allowed to claim credit under section 9, section 14 and section 15 of this Act; (d) not be entitled to issue tax invoice; (e) not be allowed to collect any amount by way of tax under this Act; and (f)] continue to retain tax invoices and retail invoices for all of his purchases as required under section 48 of this Act. (6) In case a person - (a) who is registered under the Delhi Sales Tax Act, 1975 (43 of 1975) or the Delhi Sales Tax on Works Contract Act, 1999 (Delhi Act 9 of 1999) 1[or the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly from the beginning of the following year: Provided that such registered dealer shall be required to pay tax at the rates specified in section 4 of this Act on the trading stock, raw material, packaging material and finished goods held by him on the first day of the said following year. 1[(10) If the turnover of a dealer who elects to pay tax under this section exceeds fifty lakh rupees or such other amount as may be specified by the Government by notification in the official Gazette, he shall be liable to pay tax under section 3 of this Act on and from the day his taxable turnover exceeds fifty lakh rupees or such other amount as may be specified by the Government by notification in the official Gazette and shall be entitled to claim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 16.11.2005. before it was read as:-"exceed the taxable quantum under this Act, but". 3. Substituted vide DVAT (Amendment) Act, 2005; No. F.14(6)/LA-2005/112, dated 28.03.2005 w.e.f. 01.04.2005. before it was read as:-"twenty five lakh" 4. Substituted vide DVAT (Amendment) Act, 2005; No. F.14(6)/LA-2005/112, dated 28.03.2005 w.e.f. 01.04.2005. before it was read as:-"intends" 5. Substituted vide DVAT (Amendment) Act, 2005; No. F.14(6)/LA-2005/112, dated 28.03.2005 w.e.f. 01.04.2005. before it was read as:-"intention" 6. Substituted vide DVAT (Amendment) Act, 2005; No. F.14(6)/LA-2005/112, dated 28.03.2005 w.e.f. 01.04.2005. before it was read as:-"chooses" 7. Substituted vide DVAT (Second Amendment) Act, 2005; Notification No.F.14(29)/ ..... X X X X Extracts X X X X X X X X Extracts X X X X
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