Self-assessment - F.23(3)/96-PPR/PF-IV/1471 - Delhi Value Added Tax

Self-assessment GOVERNMENT OF NATIONALCAPITALTERRITORY OF DELHI FINANCE (ACCOUNTS) DEPARTMENT DELHI SACHIVALAYA, I.P.ESTATE NEW DELHI-110002 No.F.23(3)/96-PPR/PF-IV/1471 Dated: 17-08-2005 NOTIFICATION No.F.23(3)/96-PPR/PF-IV/1471 : In exercise of the powers vested in the undersigned under the first and second proviso to sub-rule (1) of the Rule 26 of the Delhi Sales Tax Rules, 1975, it is hereby notified that: 1. (i) All registered dealers whose gross turnover is up to Rs. Five crores only, in any year, and who are not excluded by the provisions in paragraph 2 of this Notification shall be eligible for self-assessment on the basis of the returns furnished by them without any prior enquiry under sub-rule (1) of Rule 26 of the Delhi Sales Tax Rules, 1975. Further, all registered dealers dealing in goods declared tax-free u/s 7 and / or in respect of sales of goods in the course of export of the goods out of the territory of India not being liable to tax u/s 8 of the said Act and, who are not excluded under the provisions in paragraph 2 of this Notification below, shall be eligible to be assessed on the basis of the returns furnished by them irrespective of turnover without any prior enquiry under the Summary Assessment Scheme. 1.The eligible dealer may furnish the statement in Form ST 11-A in respect of the financial year ending on 31st March, 2005 upto the 30th day of September for the dealers having GTO upto Rs. 40 lacs and for companies registered under Companies Act 1956 upto the 15th day of December, 2005. 2. Alongwith the Form ST-11A, the dealer will be filing a statement having details of GTO and tax paid for the assessment year and the year previous to that as per enclosed proforma. Reason for decline, if any, will also be given there. 3. The filled up form ST-11A with all enclosures will be deposited with the Nodal Officers of each zone at the zone-wise special counters established for the purpose, and the dealers will be given an acknowledgement receipt-cum-assessment order in token of their filing the self-assessment details as above. However, before giving an acknowledgment, the Nodal Officer shall get the tax payment challans verified from the concerned ward. The list of enclosures is as under: a) Statutory forms in support of claim of deductions (alongwith number and amount of each category of forms) b) List of total missing form category-wise and the challan of payment of tax due thereon alongwith interest if RC Nos. of the purchasing dealers etc, not provided for, c) Details of tax paid purchases alongwith RC No. of seller, d) Details of high sea sales and deemed exports, if any e) Audited Accounts (balance sheet, P L A/c., Trading / manufacturing A/c) in case the turnover equals to or exceeds Rs. 40 lacs during the year under assessment, 4. Out of the cases received on Self-assessment counters, selected cases identified on random basis through computer shall be taken for post assessment enquiry as per stipulation contained in the third proviso to Rule 26(1) of Delhi Sales Tax Rules, 1975. 5. The assessment under this scheme will be without prejudice to any action taken or proposed to be taken by the Assessing Authority under section 55 of the Delhi Sales Tax Act, 1975. 6. A dealer shall not, however, be eligible to be so assessed on the basis of returns furnished by him, if he is a dealer: a) Against whom there is adverse material with the Department of Sales Tax, Delhi, suggesting concealment of sale or purchase or suggesting furnishing of inaccurate particulars in the returns in preceding five years; b) Who is a newly registered dealer and in whose case no regular assessment has been made so far; c) Who has closed his business and is to be assessed for the last year of his business; d) In whose business any person (who is a beneficiary, karta/ manager / AR/Director. Etc.,) who had been convicted under the Delhi Sales Tax Act, 1975 or the Delhi Sales Tax on works Contract Act, 1999 or the Central Sales Tax, 1956 during the 5 years preceding the commencement of the year under the assessment; e) Who has not paid interest for late filing of returns according to the provisions of the Act. 3. Even if a notice has been issued in Form ST-13 to a dealer, the said dealer may still avail the summary assessment scheme before the last date of furnishing the statement in Form ST-11 A in respect of the year under assessment. 4. Attention of all registered dealers opting for self-assessment facility is invited to Section 50(1)(j) of the Delhi Sales Tax act, 1975 wherein it is clearly stipulated that maintaining or producing incorrect accounts registers or documents or knowingly furnishing incorrect information is an offence and penal action would be taken against the erring registered dealer. 5. This notification supersedes all the earlier notifications regarding summary assessment. This notification shall come into force with immediate effect. (R. K. VERMA) COMMISSIONER:TRADE TAXES