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of <h1>Delhi VAT Rules Amended: Tax Credit Adjustments, Rule 7 Revised, Forms DVAT 16 and DVAT 51 Updated.</h1> The Lieutenant Governor of the National Capital Territory of Delhi has amended the Delhi Value Added Tax Rules, 2005, under the powers conferred by section 102 of the Delhi Value Added Tax Act, 2004. Effective immediately, the amendments include changes to Rule 7, adjusting tax credit reductions for goods specified in various schedules, and modifying the percentage from 4% to 3% in sub-rule (4). Additionally, Forms DVAT 16 and DVAT 51 have been revised, with changes to field designations and the omission of a field in Form DVAT 51. These amendments aim to streamline tax processes and improve clarity in tax documentation.
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