Delhi Trade Dept. Sets Deadlines for CST Act Assessments; Highlights Three-Month Statutory Form Submission Rule.

The circular issued by the Department of Trade and Taxes, Government of NCT of Delhi, addresses the procedures for framing assessments under the Central Sales Tax (CST) Act, 1956, as per the Delhi Value Added Tax Act, 2004. It highlights previous circulars for reference and specifies a three-month deadline post-quarter for submitting statutory forms, with possible extensions by the VAT Commissioner. The circular mandates completion of pending assessments by specific deadlines for each financial year from 2007-08 to 2010-11. Assessing authorities are responsible for ensuring all assessments are completed on time, considering additional factors like balance sheet scrutiny and tax credit verification.

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