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    <title>Application For Opting For Composition Scheme</title>
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    <description>Form DVAT 02 provides the procedural mechanism for dealers to opt into the composition scheme, requiring registration, turnover details, computation and payment of tax on opening stock categories, and proof of deposit; it prescribes that opting dealers pay tax at one per cent, identifies ineligible classes, restricts invoice issuance, collection of tax and input credit claims, mandates continuation to year end with limited withdrawal and requires seven year retention of purchase invoices.</description>
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      <description>Form DVAT 02 provides the procedural mechanism for dealers to opt into the composition scheme, requiring registration, turnover details, computation and payment of tax on opening stock categories, and proof of deposit; it prescribes that opting dealers pay tax at one per cent, identifies ineligible classes, restricts invoice issuance, collection of tax and input credit claims, mandates continuation to year end with limited withdrawal and requires seven year retention of purchase invoices.</description>
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