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Department of Value Added TaxPlease Enter amount in Green Cells. Do not Change any cells formatting.
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Government of NCT of Delhi
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Form DVAT 01
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(See Rule 5(2) of the Delhi Value Added Tax Rules, 2005)
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Application for Opting for Composition Scheme
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1.Registration No.
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2.Full Name of Applicant Dealer (For Individuals provide in Order of First Name, Middle Name, surname)
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3.Nature of Business TraderWorks ContractorLeasingOthers (Specify)
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(Tick √ if applicable)
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4.Year in which composition scheme is sought
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*hereinafter referred to as "current year"
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5.Taxable Turnover in the Preceding year (Rs.)
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6.Estimated Taxable Turnover in the Current year (Rs.)
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7.Tax payable on opening stock lying at the beginning of the current year [u/s 16(9)]Description*Tax Payable (Rs.)
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(i) Trading Stock
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(ii) Raw Material
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(iii) Packaging Material
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(iv) Finished Goods
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(Please Complete annexure 1)
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8.Details of Tax paid calculated as per (7) aboveDescription
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(i) Amount of Tax paid * (Rs.)
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(ii) Date of Deposit
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dd/mm/yyyy
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(iii) Challan no. if any
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*(Please attach original Challan / proof of deposit)
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9.Verification
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I / We hereby solemnly affirm and declare that the information given hereinabove is true and correct of the best of my/ our knowledge and belief and nothing has been concealed therefrom.
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Signature of the Authorised Signatory
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Full Name (First name, middle, surname)
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Designation
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Place
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Date
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DayMonthYear
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*Instructions
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1Dealers opting for composition scheme would be liable to pay tax @ 1% of his turnover.
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2The Application for opting to pay tax under the composition scheme has to be filed within 30 days from the beginning of
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the current year in case of dealers registered under the act.
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3Following class of dealers are not eligible to opt for the composition scheme:
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-Dealers whose turnover during the preceding year or expected turnover during the current year exceeds Rs. 50 Lacs
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-Dealers procuring goods from any place outside the state of Delhi or selling or supplying goods to any place outside
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Delhi at any time during the current year.
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-Dealers registered under the Central Sales Tax Act, 1956.
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4Dealers opting for the composition scheme cannot:
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Make purchases of goods meant for resale from a person who is not a registered dealer under the Act;
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- Issue a tax invoice;
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- Collect any amount of tax under the Act from customers; or
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- Claim input tax credit on their purchases
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5Once the dealer has opted for the composition scheme, the option of withdrawal is available only after the end of the year in
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which the option is made. Thus, dealers have to continue under the instant scheme up to the end of the financial year and the
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option of withdrawal would be available only at the beginning of next financial year. However if the taxable turnover of the dealer
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exceeds Rs.50 lacs during the year, he shall be liable to pay tax under section 3 on and from the day his taxable turnover
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exceeds Rs.50 lacs. Such dealer shall intimate the Commissioner within 7n days of his becoming liable to pay tax under
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Section 3.
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6The dealer opting for the composition scheme has to pay tax at rates specified in Section 4 of the Act on the stock of trading
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stock, raw materials, packaging material and finished goods lying with him on first day of the financial year for which
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composition scheme is opted for.
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7Dealers would be required to retain the tax invoices and retail invoices for all his purchases as required u/s 48 i.e. for a
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period of at least 7 years.
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