Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

Delhi Value Added Tax (Second Amendment) Act 2015

VAT - Delhi - F.14(60/LA-2015/cons2 law/117-126 - Dated:- 14-7-2015 - (TO BE PUBLISHED IN PART-IV OF THE DELHI GAZETTE EXTRAORDINARY) GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI (DEPARTMENT OF LAW, JUSTICE AND LEGISLATIVE AFFAIRS) 8th LEVEL, C-WING, DELHI SECRETARIAT, NEW DELHI No. F.14(6)/LA-2015/cons2 law/117-126 Dated 14th July, 2015 NOTIFICATION The following Act of the Legislative Assembly of the National Capital Territory of Delhi received the assent of the Lt. Governor of Delhi on t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

itle, extent and commencement- (i) This Act may be called the (ii) it extends to the whole of the National Capital Territory of Delhi. (iii) It shall come into force on such date as the Government may be notification in the official Gazette, appoint: Provided that different dates may be appointed for different provisions of this Act. 2. Amendment of section 4.- In the principal Act, in section 4, in sub-section (1),for clause (c), the following clause shall be substituted, namely: "(c) in r .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

- (c) the previously agreed consideration for that sale has been altered by agreement with the recipient for any reason except where a discount or incentive is offered through a credit note after issuance of tax invoice in respect of a sale to a registered dealer,"; and (ii) in sub-section (2), after clause (b), the following explanation shall be inserted, namely:- "Explanation : Credit notes issued on account of post sale discounts or incentives will be independent of tax component an .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

od in respect of which the purchase of goods relates, becomes short or excess, he shall compensate such short or excess by adjusting the amount of the tax credit allowed to him in respect of the tax period in which the credit note or debit note has been issued or goods are returned. Explanation : While issuance of a credit note of a post sale discount or incentive by a selling dealer, where no adjustment to output tax, as per the provisions of sub-sections (1) and (2) of section 8 has been made, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n sub-section (5), for the words "fifteen days", the words "forty five days" shall be substituted. 7. Amendment of section 51 - In the principal Act, in section 51, for the starting word "Where", the words and symbol "Subject to sub-sections (1) and (2) of section 8, where" shall be substituted. 8. Amendment of section 86 - In the principal Act, in section 86 - (i) in sub-section (5), for the words "five hundred", the words "two hundred" .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version