GOVERNMENT OF NCT OF DELHI
DEPARTMENT OF TRADE & TAXES
VYAPAR BHAWAN, NEW DELHI
No.F.3(338)/VAT/Policy/13/66 -72 Dated:10/04/2013
CIRCULAR NO. 1 OF 2013-14
The Government has notified a new Composition Scheme vide
Notification No. 3(13)/Fin.(Rev-I)/2012-13/dsVI/180 dated 28.02.2013, which is
effective w.e.f 1st April, 2013,
for dealers exclusively engaged in carrying out Works Contracts.
2. In the trade circles, there is some confusion with regard
to the last date for filing of application in Form WC 01 under the new Composition
Scheme, by the dealers who were not under composition scheme and were paying
tax under Section 3 of the DVAT Act, 2004, during the last financial year.
3. The first proviso to Condition No.(2) i.e. “Modalities
for availing the Scheme”, of the said notification provides for filing of
applications in Form WC 01 within thirty days from the date of notification
i.e. on or before 30.03.2013. The said proviso was meant to be effective if the
scheme was to be introduced any time midcourse during the financial year.
However, the Government has notified the scheme to be
effective from 01.04.2013 i.e. the starting of the financial year 2013-14.
Accordingly, the dealers who were paying tax under Section 3 of the Act during
2012-13, are covered by main Condition No.(2) which reads as under:
“(2) A
works contract dealer who is paying tax under section 3 of the ACT, can opt for
this scheme by filing an application in Form WC 01 appended to this
notification within thirty days from the first day of the financial year with
effect from which composition is opted,;
4. Accordingly, the existing works contract dealers paying
tax under Section 3 of the Act as well as the dealers who were paying
composition tax under the earlier composition scheme, are eligible to opt for
this new composition scheme by filing an application in Form WC 01 within
thirty days i.e. on or before 30.04.2013.
(PRASHANT GOYAL)
COMMISSIONER, VAT
No comments:
Post a Comment