Online submission of Tax Rate Wise Stock held on 31st day of March

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..... on of Tax Rate Wise Stock held on 31st day of March Vide notification No.F.7/433/Policy-II/VAT/2012/472-483 dated 16.08.2012, the Department of Trade and Taxes has notified form Stock-1 and has made it mandatory for all dealers to submit online, Tax Rate Wise details of stock held on 3pt day of March every year in form Stock-1. This information is to be filed latest by the so" day of June ev .....

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..... for this purpose, it will be presumed that the value of stock in hand on 31st day of March of the relevant year was NIL and the returns for tax periods preceding and succeeding 31st day of March shall be assessed accordingly. Non compliance of these instructions will make a dealer liable to pay penalty under sub section (5) of section 70 of Delhi Value Added Tax Act, 2004. All registered .....

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