TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Understanding Tax Credit Limits for Second-Hand Goods Under Section 15 of Delhi VAT Act 2004</h1> Section 15 of the Delhi Value Added Tax Act, 2004, addresses the sale of second-hand goods by registered dealers. It applies when goods are bought from unregistered resident sellers and are intended for resale or use as raw materials. The registered dealer must have proof of purchase and is liable for tax under Section 3. Tax credit is available under Section 9, limited to the lesser of the input tax borne by the seller, the tax fraction of the original cost, the fair market value, or the consideration paid. Tax credits apply when goods sold exceed two thousand rupees. This section is applicable only if the resident seller purchased goods in Delhi.
TaxTMI 
TaxTMI 
