Application For Opting For Composition Scheme

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.... Delhi Sales Tax Act or Delhi Sales tax on Works Contract Act or Delhi Sales Tax on Right to Use Goods Act 2. Full Name of Applicant Dealer (For individuals, provide in order of first name, middle name, surname) Works Contractor 2005 - 2 0 0 6 Trader Leasing 3. Nature of Business Others (specify) (Tick all applicable) 4. Year in which composition scheme is sought* * hereinafter referred to as "current year" 5. Turnover in the preceding year(Rs.) 6. Estimated Turnover in the current year(Rs.) 7. Tax Payable on Opening Stock lying at the beginning of the current year [under section 16(6)]Description*Tax Payable (Rs.) (i) Trading Stock (Iii) Raw material (iii) Packaging Material (iv) Finished Goods Total (* Please complete An....

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....from a person who is not a registered dealer under the Act; - issue a tax invoice; - collect any amount of tax under the Act from customers; or - claim input tax credit on their purchases. 5. Once the dealer has opted for the composition scheme, the option of withdrawal is available only after the end of the year in which the option is made. Thus, dealers have to continue under the instant scheme up to the end of the financial year and the option of withdrawal would be available only at the beginning of next financial year. However if the turnover of the dealer exceeds fifty lakh rupees during the year, he shall be liable to pay tax under section 3 on and from the day his turnover exceeds fifty lakh rupees. Such dealer shall intimate th....

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....axable at 1% BGoods taxable at 4% CGoods taxable at 12.5% DGoods taxable at 20% ETotalCarry to main form to (7)(ii) Purchase Value (* As at 1st April, 2005) (iii) Details of Packaging Material as at 1st April, 2005 and tax payable thereon. Rate wise details of the Purchase Value Packaging Material (Rs.)Fair Market Value* (Rs.)TaxPayable (Rs.) AGoods taxable at 1% BGoods taxable at 4% CGoods taxable at 12.5% DGoods taxable at 20% ETotalCarry to main form to (7)(iii) Carry to main form to (7)(iii) (* As at 1st April, 2005) (iv) Details of Finished Goods as at 1st April, 2005 and tax payable thereon. Rate wise details of the Packaging MaterialPurchase(Rs.)ValueFair Market Value* (Rs.)TaxPayable (Rs.) AGoods taxable at 1% BGoods taxabl....

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....¡ Trader â–¡ Works Contractor â–¡ Leasing â–¡ Others (specify) 4. Year in which composition scheme is sought* 2 0 0 5 - 2 0 0 6 * hereinafter referred to as “current year” 5. Taxable Turnover in the preceding year (Rs.) 6. Estimated Taxable Turnover in the current year (Rs.) 7. Tax Payable on Opening Stock lying at the Description* Tax Payable (Rs.) beginning of the current year [under section (i) Trading Stock 16(6)] (Iii) Raw material (iii) Packaging Material (* Please complete Annexure 1) (iv) Finished Goods Total 8. Detai....

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....ng goods to any place outside Delhi at any time during the current year. - Dealers registered under the Central Sales Tax Act, 1956. 4. Dealers opting for the composition scheme cannot: - Make purchases of goods meant for resale from a person who is not a registered dealer under the Act; - Issue a tax invoice; - Collect any amount of tax under the Act from customers; or - Claim input tax credit on their purchases. 5. Once the dealer has opted for the composition scheme, the option of withdrawal is available only after the end of the year in which the option is made. Thus, ....

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....purchases as required u/s 48 i.e. for a period of at least 7 years. Form DVAT 02 Part - B (i) Details of Trading Stock as at 1st April, 2005 and tax payable thereon. Rate wise details of the Trading Stock Purchase Value (Rs.) Fair Market Value* (Rs.) Tax Payable (Rs.) A Goods taxable at 1% B Goods taxable at 4% C Goods taxable at 12.5% D Goods taxable at 20% E Total (* As at 1 April,2005) (ii) Details of Raw Material as at 1st April, 2005 and tax payable thereon. Rate wise details of the Raw Material Pu....