TaxTMI 
TaxTMI 
TaxTMI 
New Composition Scheme for Restaurants and Halwais @5% instead of 1%
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.... (hereinafter referred to as "the Act"), the Lt. Governor of the National Capital Territory of Delhi, subject to the conditions specified in column (3) against the classes of dealers specified in column (1) of the Table below, and other general conditions as prescribed in this notification, hereby, provides for the scheme of composition of tax payable by the said dealers as specified in column (2) of the said Table, namely:- TABLE Eligible class or classes of Dealers Composition Amount Conditions 1 2 3 Every registered dealer whose turnover during the preceding year as well as the expected turnover during the current year does not exceed fifty lakh rupees and wh....
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....n in Form RH 01 appended to this notification within a period of thirty days from the first day of the year with effect from which composition is opted. (3) A dealer applying for a fresh registration can also opt for this scheme by filing application in Form RH 01 appended to this notification alongwith his registration application in Form DVAT 04. (4) A dealer opting to pay tax under this scheme shall pay tax, at the rates specified in section 4 of the Act, on the value of the opening stock held by him on the first day from which he opts for this scheme and shall furnish the details of such opening stock in Form RH 02 appended to this notification along with proof of payment of due tax in Form DVAT 20, with....
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....e class of dealers described in coloumn 1 of the above table, shall mandatorily withdraw from the composition scheme with effect from 1st April, 2016 by filing application in Form DVAT 03 upto 30th April, 2016. However, such dealers can opt for composition under this scheme as per the procedure explained above. (4) Notwithstanding anything contained in this notification, the Commissioner may notify, by a special or general order, that any or all of the forms appended to this notification shall be filed online. (5) Tax paid by a dealer under this scheme shall not be adjusted at any stage against the liability of the dealer to pay tax under section 3 of the Act for any period other than the period for which the dealer was eligib....
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....by him in Delhi on the first day of the tax period immediately next to the latter tax period in respect of which the default has been committed. (8) In case a dealer has opted for this scheme but has failed to comply with the conditions specified therein or who, at any later stage, is found not eligible for having opted this scheme, all the provisions of the Act including the liability to pay tax under section 3, along with interest due for delay, if any, shall apply mutatis mutandi as if the dealer has never opted for this scheme. This notification shall come into force with effect from the 1st day of April,2016. By order and in the name of the Lt. Governor of the National Capital Territory of Delhi, (A. K. Singh) (Dy. Secretar....
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....Delhi FORM RH02 [See notification under section 16(12)] Statement of opening stock held on the first day of the year from which composition is to be opted 1. TIN 2. Full Name of Business 3. Total Value of the Stock as on first day with effect from which composition scheme 4. Details of Stock purchases (as per Table Table S.No. Description of Quantity goods Purchase Value Rate of Tax payable tax *The above table can be prepared and attached with the form as per the requirement Certification of Details I/We _hereby certify that all the above- mentioned stock details are true and correct to the best of my/our knowledge. Further certified that the particulars indicated above are the correct version of the documents, wh....