TaxTMI 
TaxTMI 
Default Assessment under CST Act
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....sessing Authorities are allowed to frame the central assessment order of the dealer, only in such cases where it is required for processing the refund claims. However, it has been observed that some Assessing Authorities are framing default assessment under CST Act without ascertaining the filing of CST Form 9 and issuing orders, only after obtaining original Central Forms. Therefore all Assessing Authorities are hereby directed that the default assessment under CST Act shall only be carried out on the basis of CST Form 9 and due verification of the details of the central forms declared therein. This issues with the prior approval of the Commissioner (VAT) (Satnam Singh) Additional Commissioner (Systems), Value Added Tax Dated 01/05/20....
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....ication R2.1 TIN R2.2 Full Name of Dealer R2.3 Address R2.4 Mobile No. 1 Quarter against Turnover of sale /stock Value of of R3-Receipt and Pendency of declarations / certificates (C/C+E-I/C+E-II/E-I/E- (Turnover in Rs.) II/F/H/I/J Forms) Sr Tax No Period/ form Type of Value Excess Turnover Tax rate Tax value of for under goods forms forms, which DVAT liability Tax (8*9/100) paid already which transfer return as if any forms Act sale/ made ed menti not yet (0,2% stock against oned received for E- transfer the form in the (4-5-6-7) I/II) effected (As per forms (%) latest recei return) ved 1. 2 3 4 5 6 7 8 9 10 11 Total E-I (Recd) E-II 0 (Recd) E-I & C (Not ....
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....pending forms for which assessment has not yet been framed Sr ë†ì—… Type of form Net value of forms Tax rate under Tax Tax paid liability Quarter against pending which forms excluding CST/freig DVAT [(5- Tax payable (8-9) Interest Total (10+11) Act (0, 6)*7/100] sale/ (Col. 8 ht or 2%) stock of R3 of goods for E- transfer the effected relevant year) returned etc. received I/II) (%) after end of limitation period of the year 1 2 3 4 5 6 7 8 9 10 11 12 Total E-I (Recd) E-II (Recd) E-I & C (Not Recd) E-II and C (Not Recd) E-I Not Recd, C recd E-II Not Total Feed tax 0 0 0 0 2 2 R7.4 Payment details relating to Col. 9 of R7.3 Sr. No. 1 Date of pa....
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....sed shall be recognised for all purposes of the Act or Rules. 2. Turnover means sale turnover as defined in section 2(1)(zm) of Delhi Value Added Tax Act, 2004 and 2(j) of Central sales Tax Act, 1956 and effected against the forms. It will include turnover of stock transfer also. The turnover reported in the latest return (CST Form 1) should be reported. 3. Sold goods returned by buyer /consignee/branch within the prescribed period should be reported against the quarter in which the goods were sold / supplied initially. 4. Value of forms may be quoted as mentioned on the declaration / certificate (form) in block R3 and R6. However, for the purpose of column 6 in R7, net sale value of goods excluding CST/freight or goods returned e....
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....cable under DVAT Act shall be applicable on the turnover for which 'C' form has not been received. If form 'C' is received, irrespective of whether E-I /E-II has been received or not, then tax liability will be 'Nil' for the purpose of said row but the liability will be worked out on the basis of details to be provided in the lower rows meant for form 'E-I/E-II'. For the lower rows in block R3 and R7.3 relating to details of form 'E-I/E-II', the turnover for E-I/E-II shall be the turnover of sale and not the purchase turnover for which E-I/E-II is received from the seller. The tax liability shall be worked out @2% in cases where form 'C' has been received but form 'E-I/E-II' has not been received. In other words, such transaction s....