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New Composition Scheme for Restaurants and Halwais

VAT - Delhi - 1/2016-17 - Dated:- 27-4-2016 - 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(664)/Policy/VAT/2016/106-112 Dated: 27/04/2016 CIRCULAR NO: 1 of 2016-17 Subject: A new composition scheme has been recently notified by the Government vide notification dated 18/03/2016 in exercise of powers conferred in section 16 (12), wherein the registered dealers whose annual turnover is upto ₹ .....

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te have already suffered VAT at the time of purchase and also no ITC on such purchases has been claimed by such dealers. Thus, the field 8 of Form RH01 is irrelevant for such dealers, as they are not required to pay tax on their opening stock held on 1st April, 2016. The condition requiring payment of tax on opening stock is applicable only when a dealer paying tax under the normal scheme of the Act (i.e. as per section 3) opts for composition scheme. It is also clarified that such dealers while .....

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