9911796707
TMI BlogComposition of tax scheme - works contracts of the nature of civil constructionX X X X Extracts X X X X X X X X Extracts X X X X ..... of general public so to do. Now, therefore, in exercise of the powers conferred by sub section (12) of section 16 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), (hereinafter referred to as "the Act"), the Lt. Governor of the National Capital Territory of Delhi, subject to the conditions specified in column (3) against the classes of dealers specified in column (1) of the Table below, and other general conditions as prescribed in this notification and in supersession of earlier notification No. F. 3 (75)/Fin. (T&E)/2005-06/893 kha dated 30th November, 2005, hereby, provides the scheme of composition of tax payable by the said dealers as specified in column (2) of the said Table, namely:- TABLE Eligible class or classes of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion 48 of the Act; (g) not make interstate purchases of the material on the strength of his registration certificate or declaration forms/certificated i.e. C Form, D Form, E-I Form, E-II Form and 'F' Form, for the purpose of utilizing it in the execution of works contracts; and (h) not import or procure goods from outside the country. (2) Where the dealer has made any payment to a sub contractor for the execution of works contract whether wholly or partly, and the sub-contractor has also opted to pay tax under this scheme, the dealer shall issue a certificate to such sub-contractor, in Form CC 01 appended to this notification and such sub contractor shall be eligible to reduce his turnover liable to be taxed under this scheme by the amo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioned above, in Form SS 01 appended to this notification and the proof of payment of tax in DVAT 20. (5) Once a dealer has opted to pay tax under this scheme, he shall, except under the circumstances described at SI. No. (7) below, not be eligible to withdraw his option before the end of the year for which opted to pay tax under this scheme. (6) A dealer ho, having opted to pay tax under this scheme for a particular year, does not intend to opt for payment of tax under this scheme for the following year, shall, subject to the conditions contained in section 20 of the Act in so far as they are applicable and further subject to furnishing of intimation regarding withdrawal from this scheme in form WC 02 within thirty days from the end of th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Note - Private contract for the purpose of this means a contract undertaken for any person other than - (1) the departments or their undertakings or their cooperative societies and (2) a company registered under the companies Act, 1956 (1 of 1956). General Conditions: (1) All the provisions of the Act and the rules made thereunder which are not contrary to this scheme shall apply to every dealer opting to pay tax under the scheme. (2) The tax period for the dealers opting to pay tax under this scheme shall be quarter unless otherwise prescribed by the Commissioner for a dealer or class of dealers. (3) In case a dealer has opted for this scheme but has failed to comply with the conditions specified therein or who, at any later stage, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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