Registration Under DVAT Act

      Compulsory, if: -

• Your turnover in the current year exceeds Rs. 10 lakhs (manufacturer, traders, works contractor, hire-purchase business etc.) ; or
• You make any interstate sale; or
• You make interstate purchases for resale in Delhi
• You can also apply voluntarily for registration even if your turnover is below Rs. 10 lakhs.
• A single registration is enough for having more than one place of business in Delhi.

     How to Register?

• Apply in Form DVAT 04 for registration under DVAT Act with the prescribed fee of Rs. 500/- . Fee is payable in the form of court fee stamps. If registration under Central Sales Tax is also required, apply in Form “A” also, with the fee of Rs.25/- in the form of court fee stamps.
• You are automatically registered within 15 days of submitting DVAT 04 and a Tax payer Identification Number (TIN) will be issued, to you. This TIN will be common for both DVAT as well as CST Act.
• If any discrepancy is found in your application or documents submitted along with it, a show cause notice in the form of DVAT-05 is issued within 15 days and reply of the same has to be submitted within 15 days of issue of such notice.
• If you fail to reply to the said notice or the reply is found not to be satisfactory, your application may be rejected and the same will be communicated to you in the form of Rejection Order.

   Rights and Duties of a Registered Dealer

• To collect tax through a proper invoice and pay to us:
• To claim input tax credit;
• To file periodic returns; and
• To prepare and maintain proper records and books of accounts.

 This Article has been written by CMA Samir Biswal. He Can be reached at cmasamirbiswal@gmail.com

Subscribe to Studycafe by Email