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Composition dealer (VAT)

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This query is : Resolved



( Author )
01 June 2009

Dear sir,

I want registered in D-Vat as composition dealer, How many amount of security.

What is the elegiblity of secuty dealer.

Harish


Sanjeev Kumar

( Expert )
02 June 2009

as per Delhi VAT Act / Rules, there is Rs. 1 Lac. security or one registered dealer surety is required to obtain registration subject to Rs. 50,000/- can be reduced on the basis of some documents like, PAN, electricity bill, telephone bills, Passport etc.


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