In exercise of the powers conferred by section 102 of the Delhi Value Added Tax Act, 2004 (Delhi Act 3 of 2005), the LT. Governor of the National Capital Territory of Delhi, hereby makes the following rules further to amend the Delhi Value Added Tax Rules. 2005. namely:-
1 Short title and commencement-
(1) These rules may be called the Delhi Value Added Tax (Second Amendment) Rules, 2012.
(2) They shall come into force on the date of their publication in the Delhi Gazette
2. Amendment of rule 26,-
in the Delhi Value Added Tax Rules, 2005 (hereinafter referred to as the principal Rules) in rule 26,-
(i) In sub-rule (1), for clauses (a), (b). (c) and (d), the following shall be substituted, namely:-
(a) is at or below five crore rupees, shall be e quarter,
(b) exceeds five crore rupees, shall be one month:";
(ii) in sub-rule (1), in the third proviso, for the words 'of one month or a quarter or six months or one year" the words 'other than the applicable tax period" shall be substituted: and
(iii) for tub-rule (3), the following shall be substituted, namely:-
"(3) A dealer to whom clause (a) of sub rule (1) applies, can opt the tax period of one month and the option so exercised by him during a particular year by furnishing an intimation in accordance with sub-rule (4) of this rule, shall not be changed during that year.".