Amends Delhi Value Added Tax Rules, 2005 - F. 3(10)/Fin.(T&E)/2008-2009/JS/Fin./351 - Delhi Value Added Tax

Amends Delhi Value Added Tax Rules, 2005 Finance (T E) DEPARTMENT NOTIFICATIONS Delhi , the 24 th July, 2008 No. F. 3(10)/Fin.(T E)/2008-2009/JS/Fin./351. Whereas, the Lt. Governor of the National Capital Territory of Delhi is of the opinion that it is expedient in the interest of general public so to do. Now, therefore, in exercise of the powers conferred by Section 102 of the Delhi Value Added Tax Act, 2004, (Delhi Act, 3 of 2005) , the Lt. Governor of the National Capital Territory of Delhi, hereby, makes the following rules to further amend the Delhi Value Added Tax Rules, 2005 , namely: - RULES 1. Short title and commencement. - (1) These rules may be called the Value Added Tax (Amendment) Rules, 2008 (2) They shall come into force with effect from 1 st June, 2008. 2. Amendment of Rule 7. - In the Delhi Value Added Tax Rules, 2005 (hereinafter referred to as "the principal Rules"), in rule 7 , - (i) for sub-rule (1), the following shall be substituted, namely, - "(1) For the purposes of sub-section (6) of Section 9 and sub-section (3) of Section 10, the tax credit shall be reduced by the following prescribed percentages: (a) In the case of goods specified in the Second Schedule - 100 per cent (b) In the case of goods specified in the Third Schedule - 50 per cent (c) In the case of goods specified in the Fourth Schedule - 10 per cent (d) In the case of any other goods specified in the clause (e) of sub-section (1) of Section 4 - 16 per cent (ii) for the words and figure "3 per cent" occurring at the end of sub-rule (4) the words and figure "2 per cent" shall be substituted. By Order and in the Name of the Lt. Governor of the NationalCapitalTerritory of Delhi Ajay Kumar Garg, Jt. Secy.