|
| This query is : Resolved
|
Author : Anonymous
( Author )
23 June 2010
|
What is the turnover limit for mandatory registration under DVAT?
|
|
|
|
Shudhanshu Agrawal
( Expert )
23 June 2010
|
The turnover limit is 10,00,000 or more
|
|
|
Author : Anonymous
( Author )
23 June 2010
|
But in the form for DVAT registration ,it is mentioned 5 lacs ,if fact at one place (I forgot where)it is given 4 lacs also ,there is little bit confusion,though in the act it is mentioned 10 Lacs.
|
|
|
|
Shudhanshu Agrawal
( Expert )
23 June 2010
|
yes i also found it. It may be possible that the limit was enhanced from 5,00,000 to Rs. 10,00,000 but the modification in the Form did not take place.
|
|
|
Author : Anonymous
( Author )
23 June 2010
|
But it may also be possible that Limit revised from 10L to 5L with the objective to cover more dealers ?is this sure that present Limit is Rs 10 L
|
|
|
|
CS Richa Sharma
( Expert )
23 June 2010
|
See this Notification it notifies that the 'taxable quantum' is increased from 5 lakh rupees to 10 lakh rupees
No. F.101(316)/2005-Fin. (A/Cs)(i)/ 17
|
|
|
|
Shudhanshu Agrawal
( Expert )
23 June 2010
|
yes i am sure about present limit Rs. 10,00,000 as i have checked it on DVAT website. It is like impossible that limit is reduced as the income of the people always increase rather than reduce.
|
|
|
|
Shudhanshu Agrawal
( Expert )
23 June 2010
|
Richa has given the link for the notification which enhanced the limit from 5L to 10L. So ultimately Govt has not updated the Form till now.
|
|
|
Author : Anonymous
( Author )
24 June 2010
|
Thanks to all of you.
|
|
|
|
Ram Avtar Singh
( Expert )
14 August 2010
|
F.101(316)/2005-Fin.(A/Cs)(i)/17
Number: F.101(316)/2005-Fin.(A/Cs)(i)/17
Issue Date : 01-04-2005
Subject : Increase the taxable quantum from five lakh rupees to ten lakh rupees.
(To be Published In PART-IV Of The Delhi Gazette Extraordinary)
Government Of National Capital Territory Of Delhi
Finance (Accounts) Department
Delhi Sachivalaya, I.P. Estate, New Delhi-02.
No.F.101(316)2005-Fin.(A/Cs)(i)/17
Dated the 1st April, 2005.
Notification
No.F.101(316)2005-Fin.(A/Cs)(i)/7 - Whereas the Lt. Governor of the National Capital Territory of Delhi is of the opinion that it is expedient in the interest of general public so to do. Now, therefore, in exercise of the powers conferred by sub-section (2) of section 18 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the Lt. Governor of the National Capital Territory of Delhi is pleased to increase the “taxable quantum? specified therein from five lakh rupees to ten lakh rupees. This notification shall come into force with immediate effect. By order and in the name of the Lt. Governor of the National Capital Territory of Delhi,
Sd/-
(DR. POOJA GUPTA)
DEPUTY SECRETARY FINANCE (E-I)
|
|
|
|
|
Previous
Next |
|
You need to be the querist or
approved
CAclub expert to take part in this query .
Click here to login (
 ) now
|
| Similar Resolved Queries : |
|
|
|
