Delhi Value Added Tax amendment mandates quarterly tax periods, audit/reporting for high turnover dealers, and revised TDS/form requirements. The amendments require declarations under section 95(3) and (3A) to be furnished in Form DVAT 52 within the time specified in section 95; set the tax period for all dealers as quarterly (subject to sub rule(2)); require dealers with annual gross turnover above one crore rupees to obtain an accountant's audit and submit a Commissioner notified report (with possible simplified report or exemption by order); mandate separate Delhi books and specific records for credit/debit notes (DVAT 30A/DVAT 31A); and prescribe TDS certificate Form DVAT 43 in quadruplicate with specified deposit and furnishing timelines and attachment of challan Form DVAT 20 to the TDS return.
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Delhi Value Added Tax amendment mandates quarterly tax periods, audit/reporting for high turnover dealers, and revised TDS/form requirements.
The amendments require declarations under section 95(3) and (3A) to be furnished in Form DVAT 52 within the time specified in section 95; set the tax period for all dealers as quarterly (subject to sub rule(2)); require dealers with annual gross turnover above one crore rupees to obtain an accountant's audit and submit a Commissioner notified report (with possible simplified report or exemption by order); mandate separate Delhi books and specific records for credit/debit notes (DVAT 30A/DVAT 31A); and prescribe TDS certificate Form DVAT 43 in quadruplicate with specified deposit and furnishing timelines and attachment of challan Form DVAT 20 to the TDS return.
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