9911796707
TMI BlogComposition of tax scheme - works contracts of the nature of civil constructionX X X X Extracts X X X X X X X X Extracts X X X X ..... that it is expedient in the interest of general public so to do. Now, therefore, in exercise of the powers conferred by sub section (12) of section 16 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005) , (hereinafter referred to as "the Act"), the Lt. Governor of the National Capital Territory of Delhi, subject to the conditions specified in column (3) against the classes of dealers specified in column (1) of the Table below, and other general conditions as prescribed in this notification and in supersession of earlier notification No. F. 3 (75)/Fin. (T E)/2005-06/893 kha dated 30 th November, 2005, hereby, provides the scheme of composition of tax payable by the said dealers as specified in column (2) of the said Table, name ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ces for all his purchases and copies of all retail invoices issued by him in respect of his sales as required under section 48 of the Act; (g) not make interstate purchases of the material on the strength of his registration certificate or declaration forms/certificated i.e. C Form, D Form, E-I Form, E-II Form and 'F' Form, for the purpose of utilizing it in the execution of works contracts; and (h) not import or procure goods from outside the country. (2) Where the dealer has made any payment to a sub contractor for the execution of works contract whether wholly or partly, and the sub-contractor has also opted to pay tax under this scheme, the dealer shall issue a certificate to such sub-contractor, in Form CC 01 appended to this not ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... furnish, along with his application for opting the scheme, the details of such opening stock and such capital goods, as mentioned above, in Form SS 01 appended to this notification and the proof of payment of tax in DVAT 20. (5) Once a dealer has opted to pay tax under this scheme, he shall, except under the circumstances described at SI. No. (7) below, not be eligible to withdraw his option before the end of the year for which opted to pay tax under this scheme. (6) A dealer ho, having opted to pay tax under this scheme for a particular year, does not intend to opt for payment of tax under this scheme for the following year, shall, subject to the conditions contained in section 20 of the Act in so far as they are applicable and furthe ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing him to deduct tax at the applicable rate of three percent instead of two per cent as provided in sub section (1) of section 36 (A). Note - Private contract for the purpose of this means a contract undertaken for any person other than - (1) the departments or their undertakings or their cooperative societies and (2) a company registered under the companies Act, 1956 (1 of 1956). General Conditions: (1) All the provisions of the Act and the rules made thereunder which are not contrary to this scheme shall apply to every dealer opting to pay tax under the scheme. (2) The tax period for the dealers opting to pay tax under this scheme shall be quarter unless otherwise prescribed by the Commissioner for a dealer or class of de ..... X X X X Extracts X X X X X X X X Extracts X X X X
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