https://www.taxtmi.com/notifications?id=22522 Amendments adjust VAT mechanics: Section 4 sets specific tax rates for Third Schedule and declared goods; Section 9 confines input tax credit to goods put to sale and conditions credit on seller having deposited or lawfully adjusted tax and reflected it in returns; Section 10 reduces credit when resale occurs at a loss and caps credit by tax payable on sale; Section 74 and 74A amend numeric and deemed commencement provisions; Section 103 grants Government and Commissioner power to amend Schedules with a proviso against prejudicial retrospective changes. en-us Wed, 06 Jan 2010 00:00:00 +0530 Sat, 03 Apr 2010 08:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=22522 Amendments adjust VAT mechanics: Section 4 sets specific tax rates for Third Schedule and declared goods; Section 9 confines input tax credit to goods put to sale and conditions credit on seller having deposited or lawfully adjusted tax and reflected it in returns; Section 10 reduces credit when resale occurs at a loss and caps credit by tax payable on sale; Section 74 and 74A amend numeric and deemed commencement provisions; Section 103 grants Government and Commissioner power to amend Schedules with a proviso against prejudicial retrospective changes. Notifications VAT - Delhi Wed, 06 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/notifications?id=22522