VAT amendment expands valuation and reporting obligations, increases collection rate, and tightens PAN and IEC disclosure requirements.
Amendments revise VAT valuation by deeming oil companies' receipts equivalent to retailer prices, raise the collection rate to four percent by substituting prior percentages and removing provisos, assign audit and examination expenses to be determined and paid by the Commissioner (including professional remuneration) with that determination final, and expand dealer registration rules to require declaration of manager name, PAN and IEC with transitional filing obligations and specified penalties for failure to comply.

Extension of filing deadline: submission of Form Stock-1 for available stock as on 31.03.2012 extended to 30 November.
The Commissioner of Value Added Tax, under Section 70(1) read with Section 70(3) of the Delhi Value Added Tax Act, 2004, directs that the last date for submission of information in Form Stock-1 for available stock as on 31.03.2012 is extended to 30th November 2012, partially modifying earlier notifications and directing departmental publicity and compliance.

Submission of Form Stock-1 mandated to take effect, modifying prior notification on VAT information submission requirements.
Directive that submission of information in Form Stock-1 shall come into force from the specified effective date as a partial modification of an earlier notification; the Commissioner directs deferred commencement of the Form Stock-1 requirement and instructs departmental publication, web upload, and circulation to named administrative recipients for implementation.

Form T-2 submission requirement comes into force as modified by prior notifications under DVAT authority.
Submission of Form T-2 is directed to come into force from 01-01-2013 by the Commissioner, Value Added Tax, as a partial modification of prior notifications dated 05.09.2012, 28.09.2012 and 12.10.2012 under the Delhi Value Added Tax Act, with instructions for departmental dissemination and publication.

Submission of Information in Form T-2 mandated as modified notification, effective in late October, requiring DVAT compliance.
Submission of information in Form T-2 is mandated by a notification amending an earlier notification and issued under the Commissioner's statutory powers under the Delhi Value Added Tax Act, 2004; the amendment directs that the requirement to submit Form T-2 shall come into force with effect from the twenty fifth day of October, 2012, as set out in notification No. F.7(433)/Policy-II/VAT/2012/767-777.

VAT exemption extends refund facility to Embassy purchases under an amended Sixth Schedule provision.
Amendment inserts new sub-entry (32B) in the Sixth Schedule to provide VAT refund/exemption for official purchases by the Embassy of the Republic of Gabon in New Delhi, effective immediately, pursuant to authority conferred by sub section (2) of Section 103 of the Delhi Value Added Tax Act, 2004; a minimum invoice value eligible for refund is prescribed as Rs.1500/-.

Security waiver for dealer registrations: applicants may obtain registration without furnishing security during the specified registration period.
No security shall be required from dealers applying for registration with the tax department within the specified registration period; the notification relieves applicants from furnishing security as a condition of registration during that timeframe.

Submission of information in Form T-2 mandated under Delhi VAT notification now effective following administrative direction.
Submission of information in Form T-2 is mandated by a Commissioner directive that partially modifies a prior notification so the filing requirement shall come into force from the specified commencement date; the Department is instructed to publish and circulate the amendment to ensure compliance.

Electronic tax payment: compulsory use of Syndicate Bank e portal with online challan CIN serving as proof for returns.
The Commissioner mandates compulsory electronic payment of all VAT liabilities through Syndicate Bank's e payment portal alongside previously notified banks, with Part 'C' of the online challan containing a 19 digit CIN accepted as proof to be enclosed with returns and Part 'D' obtained from the bank for records; amounts are credited after Reserve Bank of India confirmation and the bank must adhere to security and Information Technology Act, 2000 requirements.

Online submission requirement: dealers must file invoice and goods receipt details before goods enter the territory.
Dealers receiving goods from outside the territory must submit Invoice and Goods Receipt Note details online using their login id and password before the goods physically enter the territory, using Form T-2, under the administrative powers of the Delhi Value Added Tax Act, 2004.

VAT exemption/refund granted for official and personal non-food purchases by the Republic of Estonia and its diplomatic officers.
Operative amendment inserts sub-entry (29A) in Part A, Sl. No. 1 of the Sixth Schedule to grant VAT exemption/refund for official and personal non-food purchases by the Republic of Estonia and its diplomatic officers, subject to the minimum invoice-value eligibility specified in the Commissioner's notification under powers of Section 103(2) of the Delhi Value Added Tax Act, 2004.

Electronic submission of Declaration Forms C, F and H required for registered dealers, shifting issuance to the departmental website immediately.
All dealers registered in Delhi under the Central Sales Tax regime are required to obtain Declaration Forms C, F and H electronically from the Department of Trade and Taxes website for the year 2012 13 and thereafter, in the manner and subject to the instructions published on the website; forms for periods up to 2011 12 remain obtainable by the prior methods in force.

Designation of bank as appropriate Government Treasury enables electronic deposit of VAT dues subject to remittance and compliance conditions.
Notification designates Kotak Mahindra Bank as an appropriate Government Treasury for Delhi VAT deposits, conditional on remitting funds to the RBI VAT Account within three days (or shorter period as notified), levying interest on delayed remittance at bank rate plus two percent with specified computation period, implementing on-line computerized counters and MIS with electronic data transmission as prescribed, accepting payments at any branch irrespective of account relationship, and complying with the Information Technology Act. The notification also mandates electronic payments via the department website for registered dealers and contractees.

Tax rate-wise closing stock reporting required online annually by dealers using Form Stock-I, with an annual filing deadline.
Dealers must submit tax rate-wise details of closing stock as on 31st March annually online using Form Stock-I via departmental login; the usual filing deadline is 30th June each year, with an extended transitional deadline for the 2012 stock return. The measure is issued under statutory powers and is effective immediately, creating an electronic filing obligation and specifying the form and timelines for compliance.

VAT exemption for Republic of Niger covers official and diplomats' personal purchases, subject to a minimum invoice threshold.
The Sixth Schedule of the Delhi Value Added Tax Act, 2004 is amended to insert a provision granting VAT exemption/refund to the Republic of Niger in New Delhi for official purchases and personal purchases of its diplomats, enacted under the Commissioner's power under subsection (2) of Section 103, subject to a prescribed minimum invoice threshold for refund eligibility.

VAT exemption for Republic of Seychelles in New Delhi enabling refund on official and diplomats' personal purchases.
Amendment to the Sixth Schedule provides VAT exemption/refund to the Republic of Seychelles in New Delhi for official purchases and for personal purchases of its diplomats, implemented pursuant to a reciprocity request and enacted under the Act's delegated powers; a minimum invoice threshold for refund eligibility is prescribed.

VAT exemption for Republic of Guinea purchases extended to official and diplomatic personal buys, subject to a minimum invoice requirement.
Amendment to the Sixth Schedule inserts sub-entry (35A) granting VAT exemption/refund to the Republic of Guinea, New Delhi for official purchases by the Embassy and for personal purchases of its diplomats; the notification, issued under sub section (2) of Section 103, prescribes a minimum invoice value eligible for refund of Rs. 1500/-.

E payment requirement for VAT: electronic challan CIN to serve as proof and bank portal payments mandated for registered taxpayers.
Compulsory electronic payment for taxes, interest, penalties and other amounts under the Delhi VAT Act is mandated through Bank of India e payment portals; Part 'C' of the internet generated challan with a unique Challan Identification Number will be accepted as proof of payment to be enclosed with returns, and dealers/contractees must obtain a signed stamped copy of Part 'D' from the bank while crediting of amounts remains subject to Reserve Bank of India confirmation.

Security waiver for dealer registrations - no security required for new registrants for a limited period.
The Commissioner of Value Added Tax, invoking sub section (1) of section 19 of the Delhi Value Added Tax Act, 2004, directs that no security shall be required to be furnished by dealers who apply for registration with the department during the two month period from the date of issue of the notification, thereby temporarily waiving the security deposit otherwise required at registration.

Central Declaration Forms online submission required; credit allowed only on online data, physical forms collateral.
Dealers must submit quarter-wise online details of Central Declaration Forms for stock transfers and concessional inter-state sales from 01.04.2011 using Form CD-1; filing deadlines align with the reconciliation return DVAT-51. Tax credit for CDFs from 2011-12 onward will be allowed only on online information, with physical CDFs treated as collateral evidence; absence of online submission will lead to presumption that no CDFs were submitted and assessment accordingly.