Amendments in the Sixth Schedule of Delhi Value Added Tax Act, 2004. - F.3(16)/Fin(Rev-I)/2011-12/DSIII/278 - Delhi Value Added Tax

VAT concession for museum purchases limited to a nominal levy, subject to public display and refund reimbursement conditions.

Amendment to the Sixth Schedule grants KNMA a restricted refund treatment on local art purchases to have the effect of a nominal levy, conditioned on public accessibility of art works; disposal of any purchased art requires reimbursement of the refund received for that work. KNMA must file an annual inventory return within 75 days after year-end and submit a prescribed Certificate when claiming refunds confirming items are unsold and used for public display, with invoice details and supporting particulars. The notification is effective immediately.