D-VAT - ONLINE REGISTRATION - FORMS TO BE FILED ONLINE

DVAT - E Filing of Forms for registration with Trade and Taxes Dept. Delhi

In pursuance of the earlier notification dated 18.06.2013 regarding mandatory registration with DVAT Department and as informed in our previous communication titled “DVAT UPDATE : SECURITY ON REGISTRATION DONE AWAY WITH” WEF 01.07.2013 E filing of DVAT 04 shall become mandatory.

Now in partial modification to that notification, another Notification No. F.7(453)/Policy/VAT/2012/339-349 has been issued which makes it mandatory to E-file the following forms along with DVAT 04 where ever applicable at the time of registration.

Form A	Application for Registration u/s 7(1) / 7 (2) OF THE CENTRAL SALES TAX ACT,1956
WC 01	Application Form for opting Composition by an eligible works contractor in respect of scheme as notified by Government under sub-section (12) of section 16.
DVAT 01	Application For Opting For Composition Scheme (General)
DM 01	Application Form for opting Composition by an eligible drugs and medicine dealer in respect of scheme as notified by Government under sub-section (12) of section 16
BU 01	Application Form for opting for Composition Scheme as notified exclusively for bullion traders by Government under sub-section (12) of section 16

COPY OF NOTIFICATION

CBDT Instruction No 5/2014 dated 10.07.2014

Dear Members, The Hon'ble CBDT has issued Instruction No 5/2014 dated 10.07.2014 , by which the monetary limits for filing appeals to ITAT / HIGH COURT / SUPREME COURT have been revised. The New limits are: Tax effect Appeal before ITAT Rs. 4,00,000/- High Court Rs. 10,00,000/- Supreme Court Rs. 25,00,000/- Copy of Instruction is attached for your information.

DVAT UPDATE + INCOME TAX UPDATE

Respected Members, Greetings for the day, This is for your information please: 1. Due date for E-filing DP-1 Form extended to 31.3.16 Notn. No. 1559 dt. 1.3.16. 2. Due date for E-filing CST Form-9 extended to 31.3.16 Cir. No. 39 dt. 29.2.16. 3. Due date for E-filing of CR-II for 1 to 3 Qtrs., 15-16 extended to 15.3.16 Notn. No. 1572 dt. 1.3.16. 4. Now Digital Signatures shall be Mandatory for filing DVAT returns w.e.f. 4th Qtr.,15-16 for dealers having turnover above 50 lakhs Notn. No. 1585 dt. 1.3.16. CA YASHU GOEL 9899263490 VICE PRESIDENT SALES TAX BAR ASSOCIATION

Reversal of Input Tax credit in respect of Credit/ Debit Note

The VAT department, Delhi has clarified its stand on the reversal of input tax credit in respect of credit/ Debit Note vide circular no.30 dated 19/12/2013

N K GOEL AND BROS.

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