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<h1>Delhi Introduces Composition Scheme for Works Contracts under VAT Act, 2004, Effective April 1, 2013: Key Details and Options</h1> The Government of the National Capital Territory of Delhi issued a notification introducing a Composition Scheme under the Delhi Value Added Tax Act, 2004, effective from April 1, 2013. This scheme applies to registered dealers engaged in specific works contracts within Delhi, offering an alternative tax payment method based on a percentage of turnover. The scheme outlines two options, Scheme A and Scheme B, with distinct conditions for procurement and sales. Dealers opting for this scheme must adhere to specific conditions, including restrictions on inter-state trade and maintaining detailed records. The notification also provides for the transition from previous schemes and includes provisions for tax deductions and compliance requirements.