TaxTMI 
TaxTMI 
TaxTMI 
Composition of tax scheme - trading of bullion
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....EPARTMNET DELHI SACHIVALAYA, I.P. ESTATE, NEW DELHI-02 NOTIFICATION No.F.3(82)/Fin.(T&E)2005-06/1599 Dated: 21/4/2006 No. F.3(82)/Fin.(T&E)/2005-06 Whereas the Lt. Governor of the national Capital Territory of Delhi is of the opinion that it is expedient in the interest of general public so to do. Now, therefore, in exercise of the powers conferred by sub-section(12) of section 16 of the Del....
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....) not be eligible to claim tax credit under section9, 14 and 15 of the Act; (c) not calculate his net tax under section 11 of the Act; (d) not collect any amount by way of tax under the Act; (e) not be entitled to issue 'Tax Invoices'; (f) continue to retain the original copies of all tax invoices and all retail invoices for all his purchases and copies of all retail invoices issued by him in ....
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....rom which the dealer opts to pay tax under this scheme, where such stock has been purchased with Delhi. (b)The dealer, in view of (a) above, shall furnish, along with his application for opting the scheme, the proof of payment, in form DVAT 20, of tax due as per the calculations reflected in Part B of the Form BU 01. (4)A dealer who, having opted to pay tax under this scheme for a particular yea....
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....ner for a dealer or class of dealers. (3) A dealer who has opted to pay tax under this scheme and has defaulted to furnish the returns for two consecutive tax periods by the prescribed due dates shall cease to remain a composition dealer with effect from the first day of the period immediately next to the latter tax period in respect of which the default has been committed and such dealer shall a....