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New Composition Scheme for Restaurants and Halwais 5 instead of 1

VAT - Delhi - F.3(29)/Fin(Rev-I)/2015-2016/dsvi/93 - Dated:- 18-3-2016 - GOVERNMENT OF NATIONAL CAPITAL TERRITORY OF DELHI FINANCE (REVENUE I) DEPARTMENT DELHI SACHIVALAYA, I.P. ESTATE, NEW DELHI-110002 No.F.3(29)/Fin(Rev-I)/2015-2016/dsvi/93 dated 18/03/2016 NOTIFICATION No.F.3(29)/Fin(Rev-I)/2015-2016 - Whereas the Lt. Governor of the National Capital Territory of Delhi is of the opinion that it is expedient in the interest of general public so to do. Now, therefore, in exercise of the powers .....

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d in column (2) of the said Table, namely:- TABLE Eligible class or classes of Dealers Composition Amount Conditions 1 2 3 Every registered dealer whose turnover during the preceding year as well as the expected turnover during the current year does not exceed fifty lakh rupees and who is not making any sales other than that of ready to eat foods and non-alcoholic beverages including cooked food, snacks, sweets, savouries, juices, aerated drinks, tea and coffee etc. served in or catered indoors .....

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n who is not registered under the Act except in the case of goods specified in the First Schedule; (c) not be eligible to claim tax credit under section 9 of the Act; (d) not calculate his net tax under section 11 of the Act; (e) not collect any amount by way of tax under the Act; (f) not be entitled to issue Tax Invoices'; and (g) continue to retain the original copies of all tax invoices and all retail invoices for all his purchases and copies of all retail invoices issued by him in respec .....

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tion application in Form DVAT 04. (4) A dealer opting to pay tax under this scheme shall pay tax, at the rates specified in section 4 of the Act, on the value of the opening stock held by him on the first day from which he opts for this scheme and shall furnish the details of such opening stock in Form RH 02 appended to this notification along with proof of payment of due tax in Form DVAT 20, with his application in Form RH 01. (5) Once a dealer has opted to pay tax under this scheme, he shall, .....

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withdrawal from this scheme in form RH 03 within thirty days from the end of the year for which opted to pay tax under this scheme, be eligible to claim credit of tax paid on the opening stock held by him on the first day of said following year. 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 sc .....

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pto 30th April, 2016. However, such dealers can opt for composition under this scheme as per the procedure explained above. (4) Notwithstanding anything contained in this notification, the Commissioner may notify, by a special or general order, that any or all of the forms appended to this notification shall be filed online. (5) Tax paid by a dealer under this scheme shall not be adjusted at any stage against the liability of the dealer to pay tax under section 3 of the Act for any period other .....

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