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of <h1>Determining Tax on Opening Stock: Use Invoice Amount or Calculate with Formula F x P x 75% Under Section 14(2).</h1> For the purposes of Section 14(2) of the Delhi Value Added Tax Rules, 2005, regarding the treatment of stock during transition, the tax borne on opening stock is determined as follows: If a dealer has an invoice from a registered dealer under the Delhi Sales Tax Act, 1975, the tax amount stated on the invoice is used. Otherwise, the tax is calculated using the formula F x P x 75%, where F is the tax fraction based on the rate applicable as of March 31, 2005, and P is the price paid for the opening stock.
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