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Sunil K. Khanna & Co.
Sunil K. Khanna & Co.


Value Added Tax - VAT

Delhi Value Added Tax is local Sales Tax applicable on Sale & Purchase of Goods within the State of Delhi. The VAT Registration have become very easy, simple and convenient through online system recently introduced by the DVAT department. Any person/ dealer are required to get registered under DVAT if his turnover in the current year exceeds Rs.20 lakhs or if the dealer is involved in sale/purchase from/ to outside Delhi is required to get itself registered under DVAT in addition with the registration under Central Sales Tax (CST). M/s. Sunil K. Khanna& Co. is one of the oldest and reputed chartered accountancy firm with 39 years of rich experience related with the various provisions and practices of the Delhi Value Added Tax. Our firm is composed of well acquainted professionals providing significantly effective and genuine services regarding the provisons and workings of Delhi Value Added Tax. Some of our major consultancy services are:

  • Easy and quick registration under DVAT Act and CST Act
  • Filing of DVAT Returns, stock statements, reconciliation of declaration forms, etc
  • Objection filing and clearings
  • Mismatch clearing
  • Representation before the VAT officers/tribunals/ commissioners for VAT Assessment, audit, hearings or submissions


Value Added Tax VAT

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Value Added Tax VAT
Approx. Rs 7,500 / Unit
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Value Added Tax VAT is local Sales Tax applicable on Sale & Purchase of Goods within the State of Delhi. The VAT Registration have become very easy, simple and convenient through online system recently introduced by the DVAT department.

Any person/ dealer are required to get registered under DVAT if his turnover in the current year exceeds Rs.20 lakhs or if the dealer is involved in sale/purchase from/ to outside Delhi is required to get itself registered under DVAT in addition with the registration under Central Sales Tax (CST). M/s. Sunil K. Khanna & Co. is one of the oldest and reputed chartered accountancy firm with 39 years of rich experience related with the various provisions and practices of the Delhi Value Added Tax. Our firm is composed of well acquainted professionals providing significantly effective and genuine services regarding the provisions and workings of Delhi Value Added Tax.

 

Some of our major consultancy services are:


  • Easy and quick registration under DVAT Act and CST Act,
  • Filing of DVAT Returns, stock statements, reconciliation of declaration forms, etc.
  • Objection filing and clearings.
  • Mismatch clearing.
  • Representation before the VAT officers/tribunals/ commissioners for VAT Assessment, audit, hearings or submissions
  • Minimum Order Quantity: 1 Unit
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    VAT Registration

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    VAT Registration
    Approx. Rs 7,500 / Unit
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    Service Details:
    Minimum Order Quantity1 Unit
    GST RegistrationGST CONSULTANT

    Vat Registration - Applicability

    Any person/ dealer are required to get registered under DVAT if his turnover in the current year exceeds Rs.20 lakhs or if the dealer is involved in sale/purchase from/ to outside Delhi is required to get itself registered under DVAT in addition with the registration under Central Sales Tax (CST). The dealer/ person shall be registered under DVAT within 30 days from the date of becoming liable to tax.The penalty for non registration is Rs.1,000/- per day subject to a maximum penalty of Rs.1 Lakh.

    Documents Required for VAT Registration:

    • PAN Card of the Firm/ Company
    • Board Resolution For Appointment of Authorised Signatory for filling application
    • Photograph of all the Partners/ Directors and Authorized signatory
    • Self-attested Trading Account as on date, if any transactions have been entered into till date
    • Self-attested copy of Memorandum Articles of Association/ Partnership Deed and Certified List of Partners/ Directors
    • Details of one main bank account First Sale Invoice and First Purchase Invoice In case of Imported Goods: First Purchase Invoice and its corresponding Sale Invoice.
    • Self-Attested Ownership proof of Business Premises Rent Agreement, Telephone bill/ Electricity Bill
    • Photograph of Applicant - Authorised Signatory of the Company
    • Self-Attested ID proof of Directors/Partners and Authorized Signatory
    • Voter ID card / Passport, and Aadhar card (mandatory)
    • Self-Attested copy of PAN card of Directors and Authorized Signatory

     

    Procedure for VAT Registration: The steps for the application of Registration have become very easy, simple and convenient through online system recently introduced by the DVAT department. The steps for Registration procedure is given below:

     

    • PAN and AADHAR verification - As the first step, the applicant has to verify his PAN from NSDL. She shall fill in some basic details like PAN card of the applicant along with Aadhar card details. After successful PAN verification, department provides user id and password to the applicant through sms or email.
    • Application for Registration in form “DVAT-4” for DVAT and “FORM-A” for CST Using these credentials, one can login to the DVAT website and fill in DVAT-04 and FORM-A.
    • Uploading the documents - The applicant has to upload all the documents either in “.pdf” or in “.jpg” format, with standard size that is not more than 150kb.
    • Paying the required Application fees, i.e. Rs.1000/- under DVAT and Rs.25/- under CST
    • The application can only be submitted after the application fees are paid. The applicant can make the payment by selecting the tab “Payment”. Submitting the application form i.e. DVAT-4and FORM-A, and then take a printout. After successful payment of Application fees, the applicant can now submit DVAT-04. At this same step, the ward for the applicant will be decided.
    • Generation of TIN number on trust basis - As soon as the applicant submits the application, the DVAT department will generate a TIN number on trust basis and the registration will come to effect from that date. Hence, the applicant will be liable to collect and deposit tax and file returns, since the date of allotment of TIN number.

     

    The VAT inspector will visit the business premises for verification purpose at any time after 15 working days from the date of application. At the same time, he shall collect all the documents and application form, all duly signed and stamped. In case of any short document or discrepancy, the registration shall be blocked or cancelled.

  • Item Code: VAT_CST_Registration
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    VAT Payment and VAT Returns

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    VAT Payment and VAT Returns
    Approx. Rs 2,500 / Unit
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    Service Details:
    Minimum Order Quantity1 Unit
    VAT ReturnVAT Assessment

    VAT Payment:

     

    • Every Dealer is required to deposit VAT & CST on monthly basis within 21st of the following month. Any Delay in payment of tax shall atract a penalty being simple interest @15% per annum on the due amount.


    VAT Returns:

     

    • Every dealer shall file DVAT returns in Form 16 and Central Sales tax return on quarterly basis through e-filing online portal within 25th of the following month ending quarter, unless extended via notice in an official gazette. A hard copy of acknowledgement of e-filing i.e. DVAT-56, shall be submitted to the Department within 28th of the following month ending quarter unless extended via notice in an official gazette. Any Delay in e-filing and hard copy filing shall atract a penalty of Rs.1,000/- per day(being Rs.500/- under DVAT Act and Rs.500/- under CST Act). Moreover the dealer is also required to file Stock Statement in Form Stock-1, reconciliation statement of declaration forms in FORM-9, DP-1, amendments in form DVAT-07, etc. on an annual basis.
  • Delivery Time: 7-10 Days
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    VAT Assessment

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    VAT Assessment
    Approx. Rs 2,999 / Piece
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    VAT Assessments: Under DVAT, the assessment is related to a tax period. However, the assessing authority may make the assessment for more than one tax period by a single order. Under DVAT, assessment can be made in different ways as under:

      Self-Assessment:

      • Section 31 of DVAT Act provides provisions for self-assessment. The provisions are applicable only if:
      • Sales tax returns are complete, correct and are filed within time limits,
      • Returns are signed and verified, and
      • Return is complete in information, accompanied by challan and other documents as specified in forms DVAT16/16A/17

      Default Assessment:

      • Section 32(1) of DVAT Act provides provisions for default-assessment. Under this section, the Commissioner has the rights to assess or reassess a tax period or more than one tax period by a single order so long as all such tax periods are comprised in one year in any of the following conditions:
      • Delay in filing Sales Tax returns, or
      • Incomplete or incorrect returns, or
      • Furnished returns does not comply with the requirements of the Act, or
      • For any other reason,the Commissioner is not satisfied with the furnished returns.

      Limitation for Assessment and Re-assessment:

      • As per the provisions of Section 34 of DVAT Act, If the Commissioner has reason to believe that the tax was not paid by reason of concealment, omission or failure to disclose fully material particulars, the Commissioner has the rights to send the notice for assessment of any tax period(s) within 6 years, from the end of such tax period(s) or from the date on which the Commissioner made an assessment of tax, whichever is earlier, or In any other case, the Commissioner has the rights to send the notice for assessment of any tax period(s) within 4 years, from the end of such tax period(s) or from the date on which the Commissioner made an assessment of tax, whichever is earlier.

      VAT Objection & VAT Appeals:

      • Any dealer/ person who disagrees with the notice of assessment,may raise objection under section 74 of the DVAT Act, against such order in the form DVAT-38 only through online and in the prescribed format. The objection shall be filed within 60 days from the date of order or from the date of service of order. Print out of objection in DVAT-38, shall be filed with department in triplicate form along with certified copy of order, challan of Rs.100/- and other supporting documents. Delay over 60 days shall require to file Condonation of Delay in form DVAT-39 along with an additional challan of Rs.100/-. Accordingly, the Commisioner may, after giving to the dealer an opportunity of being heard, direct the dealer to deposit an amount deemed reasonable, out of the amount under dispute.
    • Item Code: VAT_Assessment_VAT_Objection_VAT_Appeal
    • Minimum Order Quantity: 1 Piece
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      VAT Mismatch VAT 2A 2B Mismatch

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      VAT Mismatch VAT 2A 2B Mismatch
      Approx. Rs 2,500 / Unit
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      Mismatch Annexures 2A-2B

        Every Dealer is required to file Annexure 2A and Annexure 2B online before filling of the quarterly DVAT Return which contains the details of Sales & Purchases of goods for the return period. The information filed by every dealer is processed online via processing of VAT Returns and the records which do not match between the dealer for value of purchases and sales during a specified period are reflected in the Mis-Match system. The problem of mismatch in annexures 2A & 2B are very common in e-filing of DVAT return. Such mismatch occurs when sales declared by selling dealer in his return does not tally with the purchase declared by the respective purchasing dealer in his return. As a result of mismatch, the VAT Credit availed by the purchasing dealer is disallowed resulting in creation of demand along with interest and penalty. Such outstanding demand will act as a barrier in the smooth function of records, filling of application and downloading of various statutory and declaration forms of any tax period. The dealer is not allowed to apply and download online statutory forms such as Form C, Form H, Form F etc. until the demand raised is settled either by rectification, payment or filling of objection. The dealer has an option to file objection against such demands raised due to 2A-2B Mismatch but the demand is stayed only when a respective order against its stay has been received from the Objection Hearing Authority
        • Item Code: VAT_2A_2B_Mismatch
        • Minimum Order Quantity: 1 Unit
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          VAT Refund

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          VAT Refund
          Approx. Rs 2,999 / Onwards
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          Refunds to Embassies and Diplomats: VAT Refund arises usually when the VAT Tax paid in local purchases exceeds the tax payable in local sales. However, the bodies listed under Schedule VI of the Act i.e. Embassies, diplomatic officials, etc. are entitled to refund of taxes paid on goods purchased in Delhi if :

          • Goods were purchased from registered dealers against a tax invoice
          • Goods were purchased by an organisation or a qualified person
          • Each Tax invoice amount exceeds Rs.5000/- excluding tax amount
          • Application for refund shall be made for a composite amount covering all purchases in a particular quarter
          • The Application shall be made in form DVAT-23 within 28 days from the end of relevant quarter. In case of Embassies, High Commissions and International Organizations, applicant can be made within 3 months from the end of relevant quarter.
          • Refund shall be made within 30 days from the date of receipt of the application in Form DVAT-22.
        • Item Code: VAT_Refund_Embassy_Diplomats
        • Minimum Order Quantity: 1 Onwards
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          Call Us: +91-8048077746
          Sunil K. Khanna & Co.
          Sumeet Khanna (Partner)
          No. 606, Chiranjiv Tower, No. 43 Nehru Place,
          New Delhi - 110019, Delhi, India
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