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TMI BlogComposition SchemeX X X X Extracts X X X X X X X X Extracts X X X X ..... (2) (3) Every registered dealer engaged exclusively in works contract of the nature of civil construction i.e. construction, electrification, fitting out, improvement or repair of any building or complex, residential or commercial bridge, fly-over, dam or other similar structure of any canal or such other similar activities as may be specified by the Commissioner from time to time. (i) Three percent of the entire turnover if the dealer opting to pay tax under this scheme makes all the purchases and the sales during the period for which composition is opted within Delhi only. (ii) Four percent of the entire turnover on account of works contract executed in Delhi if the dealer is engaged in procuring goods from any place outside Delhi or in supplying goods to any place outside Delhi. (1) The dealer shall - (a) not be eligible for making purchases, within Delhi, from a person who is not registered under the Act except in the case of goods specified in the First Schedule; (b) not be eligible to claim tax credit under section 9, 14 and 15 of the Act; (c) not calculate his net tax under section 11 of the Act; (d) not collect any amount by way of tax under the Act: (e) not be en ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aration Forms or certificates in the course of interstate trade. (b) The dealer shall reverse the input tax credit claimed on the capital goods during the three years immediately preceding the first day with effect from which the dealer opts to pay tax under this scheme. (c) The dealer shall furnish, alongwith his application for opting the scheme, the details of such opening stock and such capital goods, as mentioned in (a) and (b) above, in Form SS 01 appended to this notification and the proof of payment of tax in DVAT 20. (6) A dealer who has opted for this scheme can reverse his option only from the 1st day of the following year by filing an application in Form WC 02 appended to this notification within a period of thirty days from the first day of the following year. (7) The dealer dealing in works contracts other than private works contracts shall make an application to the contractee authorising him to deduct tax at the applicable rate of composition amount (i.e. three per cent or four per cent, as the case may be) towards the tax payable under the Act instead of two per cent as provided in sub-section (1) of section 36A. Note- Private contract for the purpose of this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t day with effect from which the scheme is being opted Capital Goods in respect of which ITC has been claimedin preceding three years which is to be reversed Description* Tax Payable (Rs.) (i) Trading Stock (ii) Raw material (iii) Packaging Material (iv) Finished Goods (v) Capital Goods Total (*Please complete Part B) 9. Details of Tax paid calculated as per (7) above Description (i) Amount of tax paid* (Rs) (ii) Date of Deposit / / dd mm yyyy (iii) Challan No. if any (*Please attach original challan/ proof of deposit) Name and signature of applicant/authorized signatory 9. Verification I/We ________________________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my/our knowledge and belief and nothing has been concealed therefrom. Signature of Authorised Signatory ______________________________________________ Full Name (first name, middle, surname) _____________________________________________ Designation ______________________________________________ Place Date Day Month Year Form WC 01 [See Notification under section 16(12)] PART-B Details of the stock held on the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on by a works contractor in respect of scheme as notified by Government under sub section (12) of section 16 during the year 2005-06 1. Registration No. Ward No. 2. Full Name of Applicant Dealer 3. Address of Dealer 4. Year in which withdrawal from composition scheme is sought* - * hereinafter referred to as "current year" 5. Turnover in the preceding year (Rs.) 6. Reasons for withdrawal from composition scheme 7. Value of Opening Stock of goods held on first day of the year from which withdrawal is opted Description* Input Tax (Rs.) (i) Trading Stock (ii) Raw Material (iii) Packaging Material (iv) Finished Goods Total (*Please complete Part B) Name and signature of applicant/authorized signatory 8. Verification I/We ________________________________ hereby solemnly affirm and declare that the information given hereinabove is true and correct to the best of my/our knowledge and belief and nothing has been concealed therefrom. Signature of Authorised Signatory ______________________________________________ Full Name (first name, middle, surname)_____________________________________________ Designation ______________________________________________ Pla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion scheme is opted ___________________________ 4. Details of Stock purchases (as per Table below) ___________________________ S.No. Description of goods Quantity Purchase Value Above table can be prepared and attached with the form as per requirement 5. Details of Capital Goods on which input credit has been availed during the preceding three years S.No. Description of goods Quantity Purchase Value Certification of Details I/We_____________________________hereby certify that all the above-mentioned stock details are true and correct to the best of my/our knowledge. Further certified that the particulars indicated above are the correct version of the documents, which are in my/our possession and can be produced before the Value Added Tax Department on demand. Signature of the dealer Name: Address: Date: Place: Form CC 01 [See Notification under section 16(2)] I .. (Name of the person signing the declaration) .(Proprietor/Partner/Director/Manager/Karta/Trustee/Officer in Charge who is a registered dealer holding TIN ............. under the Delhi Value Added Tax Act 2004 hereby certify that I have opted for to pay tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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