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Scrutiny of Returns

VAT - Delhi - 40/2015-16 - Dated:- 8-3-2016 - GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI DEPARTMENT OF TRADE AND TAXES (POLICY BRANCH) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110 002 No.F.3(639)/Policy/VAT/2016/1642-48 CIRCULAR NO. 40 of 2015-16 Dated: 08-03-2016 Sub: -regarding As you are aware that a return furnished by a person required under section 26 of Delhi Value Added Tax Act, 2004 is treated as self-assessed as per provisions of section 31 of the said Act. This was a major departu .....

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claimed on purchase of capital and other goods, tax credit carried forward from previous tax period and ratio of input tax credit vis-avis output tax etc. Keeping in view the revenue stakes and resources available, a percentage of returns were required to be scrutinized. The returns used to be filed manually in the beginning of introduction of DVAT Act and digitized later on by the department. 2. With the passage of time, an application software was got developed from a vendor M/s CMC Ltd and mo .....

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were prescribed to be filed along with return and matching process of ITC and output tax started from the year 2012-13 onwards. A mismatch report is shown to the dealer immediately after filing of return and assessments are framed if mismatch is not rectified. With these mechanism in place, the above said circulars have become infructuous as on date. 3. Besides, mismatch of ITC vis-a-vis output tax, some unscrupulous dealers have found new ways to evade tax. It has come to notice that in the nam .....

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orms of huge amount without showing corresponding sale/stock transfer. 4. Though, necessary, checks have been put in place however some cases need to be looked into on sample basis as it is difficult to visualize the modus operandi of unscrupulous elements therefore ward officers are hereby directed to keep a watch on following classes of dealers' alongwith the advisory to safeguard the revenue: i. newly registered dealers showing sharp vertical growth in GTO; ii. dealers downloading statuto .....

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