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Ease of doing business – Delhi VAT

As we know that every dealer is required to get himself registered under DVAT, if his turnover exceeds taxable quantum i.e. Rs. 20 lakh in current year; or to pay tax, or is registered or required to be registered under Central Sales Tax Act, 1956.

Department has been focusing on “Easy of Doing Business” and to proceed it further the Department of Trade & Taxes, Govt. of NCT of Delhi, has decided to easy the procedure for granting of registration as under:

  • Dealer applying through DVAT M Sewa app would be granted registration within one day, for which VAT verification is not required
  • Dealer while applying for registration is no longer mandatorily required to give his Bank Account details. However if he doesn’t provide Bank Account details at the time of registration, shall provide Bank Account details on or before filing of his first return.
  • Registration Certificate(digitally signed) can be downloaded by applicant within one day, applying through M Sewa app. This replaced the practice of granting provisional certificate.

Source: Circular No. F.3(521)/Policy/VAT/2015/1046-51 dated 13-01-2017

Disclaimer : This is an effort by Lexcomply.com to contribute towards improving compliance management regime. User is advised not to construe this service as legal opinion and is advisable to take a view of subject experts. 




This post first appeared on Compliance Management Software, please read the originial post: here

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Ease of doing business – Delhi VAT

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