https://www.taxtmi.com/article/detailed?id=5304 Amendments to the Delhi VAT composition scheme for works contractors allow withdrawal, new election, or switching between Scheme A and Scheme B effective from 01.10.2013, require a dealer to apply a single Scheme for all works contracts in the financial year, increase the limit for purchases from unregistered dealers, restrict forfeiture for non compliance to fifty percent, permit adjustment of carry forward tax (DVAT 16) against SS 01 liability on opening stock with remaining credits carried forward or refunded, require tax on entire stock when shifting from higher to lower scheme, and limit sub contractor deduction under CC 01 to tax computed at the lower of the two composition rates while mandating VAT TDS by the main contractor on the rate differential. en-us Thu, 03 Oct 2013 11:15:16 +0530 Thu, 03 Oct 2013 11:44:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5304 Amendments to the Delhi VAT composition scheme for works contractors allow withdrawal, new election, or switching between Scheme A and Scheme B effective from 01.10.2013, require a dealer to apply a single Scheme for all works contracts in the financial year, increase the limit for purchases from unregistered dealers, restrict forfeiture for non compliance to fifty percent, permit adjustment of carry forward tax (DVAT 16) against SS 01 liability on opening stock with remaining credits carried forward or refunded, require tax on entire stock when shifting from higher to lower scheme, and limit sub contractor deduction under CC 01 to tax computed at the lower of the two composition rates while mandating VAT TDS by the main contractor on the rate differential. Articles Value Added Tax - VAT and CST Thu, 03 Oct 2013 11:15:16 +0530 https://www.taxtmi.com/article/detailed?id=5304