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TMI BlogScrutiny of ReturnsX X X X Extracts X X X X X X X X Extracts X X X X ..... aware that a return furnished by a person required under section 26 of Delhi Value Added Tax Act, 2004 is treated as self-assessed as per provisions of section 31 of the said Act . This was a major departure from the erstwhile Delhi Sales Tax Act, 1975, repealed by the aforesaid Act. Under erstwhile Delhi Sales Tax Act, all cases used to be assessed mandatorily to find out from the returns ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r M/s CMC Ltd and most of validations and formulae for numerical calculations were put in place in the software itself. Though, the circular No.9 of 2005-06 was reiterated in 2010 ( Circular no. 08 of 2010-11 ) but as stated above, the validations used to be taken care of by software itself. With the improvement in technology and modernization of application software, more checks and validations w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng any tax or filing return. With a view to curb, such practices, circulars / instructions have been issued from time to time and in the recent past also so as to keep a watch on new registrants showing high GTO and paying little tax or no tax. Instances have also come to the notice where dealers are downloading statutory forms of huge amount without showing corresponding sale/stock transfer. 4 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... eturn continuously for a period exceeding one year; viii. return defaulters ix. frequent refund claimants x. non-tax payers xi. continuously carrying forward excess ITC for a period exceeding one year; 5. While cancelling a dealer, all dues should be checked and assessment may preferably be framed wherever required. Though, assessment can be framed after cancellation but notice of ..... X X X X Extracts X X X X X X X X Extracts X X X X
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