Amendment in Notification No.3(13)/Fin.(Rev I)/2012 13/dsvi/180 dated 28/02/2013

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....08;section (12) of section 16 and clause(l) of subsection (2) of section 102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005) (hereinafter referred to as "the Act") , the Lt. Governor of the National Capital Territory of Delhi, further amends certain provisions, particular conditions, modalities for availing the composition scheme, specified in the Notification No.3(13)/Fin.(Rev‐I)/2012‐13/dsvi/180 dated 28/02/2013, namely:‐ 1. After the proviso given at the end of the "Table" of composition scheme and before sub‐heading "Particular Conditions", the following shall be inserted, namely:‐ "PROVIDED FURTHER that the dealers who have already opted for the composition scheme notified on 28/02/2013 ....

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....er the words and number " DVAT 20", the following shall be inserted, namely:‐ "However, as per the Form DVAT‐16 filed by the dealer, if the dealer has certain tax amount to his credit at the end of the second quarter of the year 2013‐14 or at the end of the previous financial year, as the case may be, he shall be entitled to adjust the amount payable as per SS‐01 with the said tax amount at his credit. After the said adjustment, if the dealer is still left with some tax amount at his credit, he may, at his option, either claim refund of the remaining amount or carry forward the same to subsequent tax periods." (iii) after clause (3), the following clause shall be inserted, namely:‐ "(3A) A dealer who i....

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....of composition opted one each by the contractor and the sub‐contractor. The said CC‐01 shall be enclosed by the sub‐contractor along with his return. Further, the contractor is exempt from deducting TDS from payments made to such sub‐contractors in respect of the turnover covered by the certificate CC‐01. PROVIDED that in case where the rate of the composition tax of the contractor is lower than that of the sub‐contractor, the contractor shall be liable to deduct TDS at the differential rate of composition tax between the two, from payments made to such sub‐contractors in respect of the turnover covered by their respective Form CC‐01. For example, a contractor has issued Form CC‐01....