Composition scheme for specified dealers Rule 5

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....y tax under this section:      Provided that this ^10[sub-section] shall not apply to dealers procuring goods from any place outside Delhi or selling or supplying goods to any place outside Delhi at any time during the year in which he opts to pay tax under this ^10[sub-section] or if he is registered ^1[in Delhi] under the Central Sales Tax Act, 1956 (74 of 1956). ^11[Provided further that in case the Government has notified a composition scheme for a class of dealers under sub-section (12) of this Section, such dealers shall not have an option to pay tax under this sub-section.]       (2)  At the time of making application for registration under section 19 of this Act, the dealer ....

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....fication in the official Gazette, he shall be required to specify the ^5[election] to pay tax under this section within such time and in such manner as may be prescribed.       (4)  Where a dealer ^6[elects] to pay tax under this section, the dealer's net tax shall be the amount determined at the rate of one paisa in the rupee of the turnover of the dealer.       (5)  A dealer who elects to pay tax under this section shall -            ^7[^8(a) not purchase goods from a person who is not registered under this Act;      Provided that this restriction shall not apply for the purchase of goods fr....

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....te; and            (c)  who has opted to pay tax under this section in terms of sub-section (3)  of this section; he shall be required to pay tax on the trading stock, raw material, packaging material (in this sub-section referred to as "opening stock") and finished goods held on the date of the commencement of this Act at the rates specified in section 4 of this Act on the fair market value of such opening stock and finished goods where such opening stock and finished goods have not borne tax under the Delhi Sales Tax Act, 1975 (43 of 1975).       (7)  The tax due under sub-section (6) of this section shall be paid at any time before the pers....

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....terial and packaging material held by him in Delhi on such day :      Provided that such dealer has intimated the Commissioner within seven days of his becoming liable to pay tax under section 3 of this Act in the prescribed form and has furnished such other information to the Commissioner as may be prescribed.       (11) The Commissioner may notify a dealer or a class of dealers who shall not be entitled to opt for payment of tax under this section.]       ^9[(12) Notwithstanding anything to the contrary contained in this Act, the Government may. -            (a) by notification in the Official Gazette, notify....