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TAX PERIODS AND RETURNS UNDER THE DELHI VAT

S. No.

Turnover (T) in the preceding
Financial Year

Tax Period

a

Turnover is equal to or less than Rs. 10 lacs
[T< 10 lacs]

Year

b

Turnover is more than Rs. 10 lacs and equal to or less than Rs. 50 lacs
[10 lacs < T < 50 lacs]

Six months

c

Turnover is more than Rs. 50 lacs and equal to or less than Rs. 5 crores
[50 lacs < T < 5 crores]

Quarter

d

Turnover exceeds Rs. 5 crores
[T> 5 crores]

One month

Notes:

    • Tax period of a dealer for any year is based upon his turnover of the preceding year.

    • Where the turnover of a dealer during the current year increases or decreases beyond the turnover limits specified above, he shall be liable to change his tax period from 1st April of the following year and shall file an intimation in form DVAT- 55 upto 15th April of that year.

    • Dealers can elect an optional tax period by filing intimation in Form DVAT- 55 Upto 15th April of that year.

    • The option once exercised shall remain valid through out that year and could be changed only from 1st April of the following year.

    • Any delay in furnishing the intimation shall not be condonable.


Returns

    S. No.

    Type Of Return

    Type Of Dealer

    Form No.

    Due Date

    Documents to be enclosed

    1.

    First Returns

    Dealers opting for composition

    DVAT- 17

    Within 7 days of grant of R.C. (Returns, due dates of which have already expired on the date of grant)

    Challan in DVAT- 20; Documents as specified in the return.

    Other Registered dealers

    DVAT- 16

    2.

    Periodic
    Returns

    Dealers opting for composition scheme and other registered dealers

    DVAT- 17 or 16, as the case may be

    If tax period is one month or a quarter- within 28 days; if it is six months- within 45 days; and if it is one year-within 75 days.

    Challan in DVAT- 20; Documents as specified in the return.

    3.

    Revised Returns

    Dealers opting for composition scheme and other registered dealers

    DVAT- 17 or 16, as the case may be

    Within one month of discovery of mistake requiring further payment of tax.

    Challan in DVAT- 20; Reasons for revising return; Documents as specified in the return.

    4.

    Return in response to notice

    Any person whether or not registered under the Act.

    DVAT- 16

    Within the time specified in the notice

    As specified in the notice.

     

PAYMENT OF TAX

    S. No.

    Nature of Dealers

    Due Date for Deposit of Tax

    a

    Tax period is 'quarter' or 'six months' or 'year'.

    28 days from the end of every quarter i.e., 28th July, 28th October, 28th January and 28th April.

    b

    Tax period is a 'month'

    28 days from the end of every month

     


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