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Docx required for dvat registration of prop.

Anupam( Upcoming CMA) (Internal Audit Executive at Frankfinn In) (302 Points)

09 February 2013

Dear All,

Can anybody tell me that what are the documents are required to be submitted at the time of registration under DVAT Act olf sole propereitorship. Please reply fast as it's urgent......

Thanx & regards

Anupam Sharma

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4 Replies

Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 09 February 2013

PROCEDURE FOR REGISTRATION:-

1.An application for Registration is to be made in (Form DVAT-04) with the prescribed fee.

2.A security not exceeding Rs 1 lakh is to be submitted along with the application for registration. The security amount can be reduced by a maximum of Rs 50,000 if you can provide certain documents with your registration application.

3.The reduction in the security amount allowed for various documents is as follows.

Last paid electricity bill in your name, Rs 10,000;

Last paid telephone bill in your name, Rs 5,000; A PAN number, Rs 10,000;

A document as proof of ownership of principal place of business, Rs 30,000;

A document as proof of ownership of residential property, Rs 20,000; and

A notarized photocopy of the passport of proprietor/ managing partner or managing director, Rs 10,000

4.Security may be in cash, bank guarantee, post office cash certificates, bonds/debentures, dealers' surety, or mortgage of immoveable property. The surety for registration may be revised by the Commissioner under some circumstances.

5.If case no reply is received within 15 days of making your application, you are automatically registered and will be entitled to receive a registration certificate in (Form DVAT-06) from the Commissioner

6.Once you are registered, a Tax Identification Number (TIN) will be issued, which should quoted in all dealings with the department to enable processing of tax affairs correctly and promptly.

7.If you are not registered within 15 days of making the application, you will receive a notice in (Form DVAT-05) from the Commissioner, setting out the reasons why your application is proposed to be rejected.

8.You can respond to this notice within the time provided in the notice. If you do not respond to the Commissioner's notice, your application for registration will be rejected automatically.

9.If the Commissioner is satisfied with your reply, he will register you and issue you a Registration Certificate in (Form DVAT-06).

10.If your application is rejected, you can object to the decision within two months.

11.After registration, you may expect a visit from a DVAT official who may verify the particulars of your business.

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Ganeshbabu K (Audit and Tax Advisory) (48564 Points)
Replied 09 February 2013

PLEASE FIND THIS NOTE:-

You are required to register under DVAT if:

Your turnover in the year preceding the commencement of the DVAT Act exceeded Rs 5 lakhs;

Your turnover in the current year exceeds Rs 5 lakhs;

You make any interstate sale; or

You make interstate purchases for resale in Delhi.

For registration purposes, your turnover does not include

Sales of capital assets;

Sales made in the course of winding up your business; and

Sales made in the course of a permanent diminution of your business.

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Kaushik Vinod (CA IN PRACTICE) (1953 Points)
Replied 19 February 2013

1	Resolution to the effect of VAT registration in Delhi and also containing the authorisation for a particular person to undertake
	all relevant formalities for DVAT registration.
2	If dealer is liable for registration due to becoming liable to pay tax under CST:
	First Purchase Bill
	First Inter state sale bill
	Copy of G.R./ R.R. relating to dispatch of goods
	Photocopy of the draft/ cheque received
	Bank Statement consisting of such payment
3	Proof of Incorporation of the Co., Partnership deed etc. in cases of constitutions other than proprietary.( MOA and AOA)
4	Copy of rent agreement/ proof of legal possession of the principal place and additional places of business at Delhi and
	also NOC from Lessor.( NOC from the Land Lord not Required)
5	Copy of PAN of firm/Company
6	Copy of VAT & CST registration certificate of other locations of the company.
7	Photographs of the Prop./Partner/Directors.
8	Copy of PAN of Prop/Partner/Directors/Autorised Signatory
9	Details of Bank account in Delhi with Account number, bank name and branch and MICR code.
10	Copy of Cancelled Cheque
11	Application form of VAT (DVAT 04) & CST (Form A) for registration duly signed by the authorised Person
12	Details of authorised signatory in Delhi with his PAN and address proof and photograph.
13	List of goods to be traded
14	Surety of Rs. 1 Lakh in Form DVAT 12. ( The Surety has been waived in DVAT up to 31-03-2013)

RAJ KUMAR BHANDARI (FINANCE) (165 Points)
Replied 20 February 2013

REGISTRATION UNDER DVAT ACT

COMPULSORY, IF: -

Your turnover in the current year exceeds Rs. 10 lakhs (manufacturer, traders, works contractor, hire-purchase business etc.) ; or
You make any interstate sale; or
You make interstate purchases for resale in Delhi
You can also apply voluntarily for registration even if your turnover is below Rs. 10 lakhs.
A single registration is enough for having more than one place of business in Delhi.

HOW TO REGISTER:-

Apply in Form DVAT 04 for registration under DVAT Act with the prescribed fee of Rs. 500/- and a security of Rs. 1 lakh. Fee is payable in the form of court fee stamps. If registration under Central Sales Tax is also required, apply in Form “A” also,with the fee of Rs.25/- in the form of court fee stamps.
The security amount can be reduced by a maximum of Rs. 50,000/- if you can provide certain documents alongwith DVAT 04. The security amount is reduced to the extent of amount mentioned against each head allowed for various documents is as follows:-
Copy of last paid electricity bill(the bill should be in the name of the business and for the address specified as the main place of business in the registration form) Rs. 10,000/-.
Copy of last paid telephone bill( the bill should be in the name of the business and for the address specified as the main place of business in the registration form) Rs. 5000/-
Income Tax PAN, Rs. 10,000/-
Proof of ownership of principal place of business namely sale deed/gift deed/partition deed duly registered with the office of Sub-registrar concerned - Rs. 30,000/-
Proof of ownership of residential property by proprietor/managing partners namely sale deed/gift deed/partition deed duly registered with the office of Sub-registrar concerned - Rs. 20,000/- and
A notarized copy of the passport of proprietor/managing partner or managing director-Rs. 10,000/-.
Remaining security may be in form of cash (to be deposited in notified bank), FDR, Bank Guarantee, Post Office cash certificates, bonds, debentures, dealers surety or mortgage of immovable property.
You are automatically registered within 15 days of submitting DVAT 04 and a Tax payer Identification Number (TIN) will be issued, to you. This TIN will be common for both DVAT as well as CST Act.
If any discrepancy is found in your application or documents submitted along with it, a show cause notice in the form of DVAT-05 is issued within 15 days and reply of the same has to be submitted within 15 days of issue of such notice.
If you fail to reply to the said notice or the reply is found not to be satisfactory, your application may be rejected and the same will be communicated to you in the form of Rejection Order.