https://www.taxtmi.com/circulars?id=52971 The scheme allows dealers to declare tax deficiency, pay tax and interest to satisfy assessment orders, and obtain waiver of consequential penalty. Works Contract dealers may instead opt for composition turnover tax, in which case assessment and penalty orders for the relevant period must be reviewed and nullified; payments made under the scheme are treated as recovery against issued orders and no further recovery action should be taken. Eligibility for issuance of the scheme acceptance certificate must be ascertained before nullification, and system updates must ensure nullified demands are not shown as outstanding. en-us Tue, 05 Aug 2014 00:00:00 +0530 Wed, 06 Aug 2014 14:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=52971 The scheme allows dealers to declare tax deficiency, pay tax and interest to satisfy assessment orders, and obtain waiver of consequential penalty. Works Contract dealers may instead opt for composition turnover tax, in which case assessment and penalty orders for the relevant period must be reviewed and nullified; payments made under the scheme are treated as recovery against issued orders and no further recovery action should be taken. Eligibility for issuance of the scheme acceptance certificate must be ascertained before nullification, and system updates must ensure nullified demands are not shown as outstanding. Circulars VAT - Delhi Tue, 05 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/circulars?id=52971