TMI BlogImposition of taxX X X X Extracts X X X X X X X X Extracts X X X X ..... 2 [ (3) The amount of tax payable under this Act by a dealer, is the dealer's net tax for the tax period calculated under section 11 of this Act. ] 6 [ (4) The net tax of a dealer shall be paid within twenty one days of the conclusion of each calendar month. Explanation.- The obligation to pay the tax arises by virtue of this provision, and is not dependent on furnishing a return, nor on the issue of a notice of assessment to the dealer. ] (5) Tax shall be paid in the manner specified in section 36 of this Act. (6) Every dealer who has become liable to pay tax under this Act on the sale of goods shall continue to be so liable unless his taxable turnover during the preceding twelve months (and such further period as ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pection thereof; then, without prejudice to any other action which may be taken against such person, a presumption may be raised that the goods in respect of which he has failed to furnish information or permit inspection, are owned by him and are held by him for sale in Delhi and the provisions of this Act shall apply accordingly. 5 [ (10) If any person who, whether as principal, agent or in any other capacity organizes any exhibition-cum-sale in Delhi and fails - (a) to furnish any information in respect of the goods brought or kept in stock or sold by any participant before or during or after the exhibition-cum-sale; or (b) to ensure that all the participants in the exhibiton-cum-sale have obtained reg ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ied: Provided further that if on an application made by a person the Commissioner or an officer authorized by him, after verifying all aspects of the case, arrives at a decision that such person should be exempted from payment of tax in advance or that the rate of payment of tax in advance should be reduce for such person, he may do so and impose such terms and conditions on such person as he may deem fit. Explanation.- The person, who imports goods into the National Capital Territory of Delhi, shall pay tax in advance, on the presumption that such goods are meant for the purpose of sale or for use in manufacture or processing of goods meant for sale, unless, it is proved otherwise by such person. It is f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (Amendment) Act, 2005; No.F.14(29)/LA/2005/333, Dated:- 16/11/05 6. Substitutedvide THE DELHI VALUE ADDED TAX (AMENDMENT) ACT, 2013 (DELHI ACT 01 OF 2013) w.e.f. April 1, 2013 , before it was read as 3 [ (4) The net tax of a dealer shall be paid within 4 [ twenty one ] days of the conclusion of the dealer's tax period. Provided that the Commissioner may, by an order, prescribe that irrespective of the tax period of a dealer or class of dealers, the net tax of a dealer or a class of dealers shall be paid within 4 [ 21 ] days of the conclusion of a period shorter than the tax period that may be specified in the order. Explanation : The obligation to pay the tax arises by virtue of this provision and is n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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