Update on newly amended DVAT 16 DVAT 17 and Filing of form Form T2

Circular No. 6 of 2012-13 Click here for a copy of the circular
Newly amended form DVAT 16 and DVAT 17 shall be applicable *from IInd qtr of 2013-14*.
Update on T2	For copy of notification click here NOTIFICATION No.F.7(433)/Policy-II/VAT/2012/458-469 Dated: 17/07/2013
· In case if the Goods Receipt Number (GR) · is not available in advance, · Form T-2 would need to be filed · without Goods Receipt Number.
· However, the GR Number would need to be updated · within 24 hours of · receipt of the goods by the Delhi dealer.
· In such cases the Delhi dealer shall not · dispose of/sell/dispatch such goods · till the GR number in Form T-2 is updated online.

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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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