https://www.taxtmi.com/circulars?id=5323 Guidelines set procedural standards for processing dealer refund applications under the DVAT Act and Rules, requiring scrutiny of revised returns under Section 28(1), maintenance of assessment-year folders, confirmation of sellers' tax payments from scrolls, and proportional adjustment of input tax credit for credit notes and discounts. They mandate verification of statutory forms and exports (using bills of lading, customs or bank certificates plus DVAT 30/31), reconciliation of turnover with returns, application of prescribed ITC reductions for branch/consignment transfers, cross-checking TDS certificates, and use of a standardized processing format including computations and surety requirements before release. en-us Thu, 07 Aug 2008 00:00:00 +0530 Sat, 14 Nov 2009 15:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5323 Guidelines set procedural standards for processing dealer refund applications under the DVAT Act and Rules, requiring scrutiny of revised returns under Section 28(1), maintenance of assessment-year folders, confirmation of sellers' tax payments from scrolls, and proportional adjustment of input tax credit for credit notes and discounts. They mandate verification of statutory forms and exports (using bills of lading, customs or bank certificates plus DVAT 30/31), reconciliation of turnover with returns, application of prescribed ITC reductions for branch/consignment transfers, cross-checking TDS certificates, and use of a standardized processing format including computations and surety requirements before release. Circulars VAT - Delhi Thu, 07 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5323