Govt. of Delhi - Assessees to pay VAT and CST collected by 21.03.2013

Government of NCT of Delhi appeals to all the Dealers/Assessees to Deposit VAT & CST collected / due by 21st March, 2013 to avoid Penalties @ 1% per week plus Interest Liability @ 15% in addition to the Criminal Liabilities under the provisions of the DVAT Act, 2004.

All Contractors engaged in Development / Construction of immovable property in Delhi to pay VAT under DVAT Act, 2004

GOVERNMENT OF NCT OF DELHI

DEPARTMENT OF TRADE AND TAXES

VYAPAR BHAWAN; I.P. ESTATE: NEW DELHI

PUBLIC NOTICE

(Attention: General Public, Companies, Group Housing Societies, Builders, Contractors, Developers, Collaborators, etc.)

1.  All Contractors/ Builders/ Developers/ Collaborators, etc. (in short contractor) engaged in development / construction of immovable properties in Delhi are required to seek registration and pay VAT under Delhi Value Added Tax (DVAT) Act, 2004, in case their turnover during a financial year exceeds 10 Lakhs.

MCA acknowledges the Lapse of Services on MCA21 project

Ministry of Corporate Affairs acknowledges that services on MCA 21 are not of the fullest satisfaction of the stakeholders for last few days. The Ministry is seized of the matter and taking all necessary steps for smooth functioning of MCA21. Further that Ministry will consider appropriate & due waiver of the additional fee or any other issue being faced by stakeholders due to non-filing of information because of problems in MCA21 system in last few days.

Source:- MCA website

DVAT - System Assisted Assessment on the basis of 2A and 2B data mismatch for the Tax periods Second Quarter, 2012-13 and July, August, September 2012

The Department intends to frame assessment of all monthly and quarterly return filing dealers for Tax period of July, August and September, 2012 and Second quarter 2012-13 respectively, on the basis of mismatch in the data filed by dealers in Annexure 2A and 2B online. The assessment of penalty will also be framed simultaneously under Section 86(10) of DVAT Act, 2004.