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of <h1>Delhi Introduces 0.1% Tax Composition Scheme for Bullion Dealers with Strict Compliance Rules, Effective May 1, 2006.</h1> The notification issued by the Government of the National Capital Territory of Delhi outlines a tax composition scheme for registered dealers exclusively trading in bullion. Effective from May 1, 2006, dealers can opt to pay a tax of 0.1% on the aggregate sales of bullion within Delhi. Conditions include not purchasing from unregistered persons, ineligibility for tax credits, and retaining original invoices. New registrants can apply using Form BU 01, and existing taxpayers must apply within 30 days from the start of the year or notification. Non-compliance or ineligibility results in forfeiture of the composition amount and reversion to standard tax obligations.
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