Location of Place of Business and Book of Accounts

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.... such change. As per the section 48 and Rules 42 and 19 of Delhi VAT Act and Rules, you are also required to maintain and retain prescribed records at the declared principal place of business in Delhi for 7 years. The record may be in the form of soft/hard copy but should be readily available on demand and be able to explain all business transactions. Further, in case of multistate operations, al....

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....(Section 22). (iii) Dealers may lose the right to issue tax invoices against which input tax credit (ITC) can be claimed by purchasing dealers (Section 50). (iv) Dealers would lose right to avail ITC on their purchases (Section 9). (v) In hands of contractees, dealers will become liable for TDS deduction @ 6% on work contract activities (Section 36A). (vi) Criminal prosecution leading to r....