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Introduction of Reward Scheme to encourage market / trade association for payment of due tax

VAT - Delhi - No. F.3(552)/Policy/vat/2015/1097-1103 - Dated:- 30-11-2015 - GOVERNMENT OF THE NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES: VYAPAR BHAWAN I.P.ESTATE, NEW DELHI02 No. F.3(552)/Policy/vat/2015/1097-1103 Dated:30/11/15 ORDER Value Added Tax is one of the major sources of revenue of the Government of Delhi which is an indirect tax collected by traders from customers on sale of goods and then deposited with the Government. In its effort to collect the due tax, the .....

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OF THE SCHEME Eligibility Criteria: The market association, registered under the Society Registration Act 1861, must have at least 50 registered members to be eligible for the reward. The number of members would be frozen at the beginning of the scheme and thereafter at the end of April of each financial year. More than 50% of the members should be registered with the department. The office bearers of the association should be elected through the process of election in accordance with the consti .....

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not participate in any association for the purpose of this scheme. Members should be from ward area only. Target for eligibility for Reward: 1. A tax growth of 25% yearonyear would be the bench mark for the association to become eligible for consideration for the reward. 2. Admitted tax due and paid (VAT/CST) with the return would be accounted for. 3. Refund claimed and credit carried forward would be deducted from the tax collected, meaning thereby that net tax would be compared for working out .....

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t would be constituted to work out the claims of the associations for award under the scheme. 2. The money awarded to the association would be made available for expenditure on proposa ls put forth by the market association for the upkeep / maintenance of their market / localities. 3. Once the reward amounts are finalized, funds would be placed at the disposal of the civic bodies or any other agency for infrastructure development as decided by the Government. 4. Some of the works which could be .....

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