<h1>Delhi VAT Amendment Bill 2015: Adjusts Tax Rates, Simplifies Registration Cancellation, Extends Refund Timeframe, Reduces Penalties.</h1> The Delhi Value Added Tax (Second Amendment) Bill, 2015, passed by the Legislative Assembly of the National Capital Territory of Delhi, introduces several changes to the Delhi Value Added Tax Act, 2004. Key amendments include adjustments to tax rates for goods in the Fourth Schedule, with rates not exceeding 30%. The Bill disallows tax adjustments due to post-sale discounts and simplifies the registration cancellation process. It extends the timeframe for refund security claims from 15 to 45 days and reduces penalties for late compliance. These amendments aim to simplify tax administration and remove legal ambiguities without additional financial implications.