TMI BlogProcedure for Calculation of Tax DuesX X X X Extracts X X X X X X X X Extracts X X X X ..... lated by multiplying the rate of tax as per item (ii) above in respect of every class of commodity stated at item (i) above. 2 [Provided that wherever tax deficiency has occurred by any reason not related to turnover, the tax due will be equal to the amount of tax deficiency.] Explanation.- Where any audit, special audit, survey, or inspection has been initiated or conducted under Chapter X of the Act, but no notice of assessment under section 32 of the Act has been issued, the dealer shall be eligible to make declaration of his tax dues under this Scheme. (2) Tax dues in respect of sub-clause (i) of clause 2(1)(d) by the dealer on whom notice of assessment under section 32 of the Act has been served, shall be calculat ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e other works contractors [including the dealers stated at (a) above, who opt to exclude the value of land in accordance with the provisions of rule 3 of Delhi Value Added Tax Rules, 2005 ] 5 [or circle rate of land notified under Delhi (Prevention of Under Valuation of Instruments) Rules, 2007 as amended from time to time: Provided that where tax dues declared by an existing registered dealer pertain to excess claim of labour and services wrongly claimed in the returns, the declarant shall pay tax in accordance with rate specified in section 4 of the Act on such labour and services wrongly claimed: Provided further that wherever tax deficiency has occurred by any reason not related to turnover, the tax due will be equal to the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cases where neither the contractee has deducted tax at source nor the contractor has paid the taxes due and payable on that contract. Immunity under this sub clause shall be granted from payment of interest and penalty in relation to such tax to the declarant and his immediate contractor.] 8 [(6) Notwithstanding anything contained in sub-clause (1) or (3) of this clause, where tax dues are declared by a registered dealer who failed to pay tax and file his returns for the tax period(s) ending on or before 31st day of March, 2013, he shall pay the net tax as per Section 11 of the Act for all the tax periods in default, and file his return(s) for these tax period(s) in the manner specified in the Act and rules framed there under before f ..... X X X X Extracts X X X X X X X X Extracts X X X X
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