Delhi VAT Act 2012 Amendments: Changes to Tax Credits, Export Clauses, Dealer Reporting, and Procedural Updates

The Delhi Value Added Tax (Second Amendment) Act, 2012, amends various sections of the Delhi Value Added Tax Act, 2004. Key changes include the omission of certain provisos in section 2, adjustments to tax credit provisions in section 9, and modifications to export-related clauses in section 10. Section 28 allows for revised tax returns for specific years, while section 36A and section 38 see procedural updates. Section 49 mandates reporting for dealers with turnover exceeding a certain threshold. Amendments to sections 50, 66, 70, 73, 82, and 86 address procedural uniformity, professional representation, penalties, and tribunal efficiency. The Act does not entail additional financial implications or delegated legislation.