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:

i. Dealer applying through DVAT M Sewa app would be granted registration within one day, for which VAT verification is not required

ii. 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.

iii. Registration Certificate(digitally signed) can be downloaded by applicant within one day, applying through M Sewa app. This replaced the practice of granting the provisional certificate.

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

 

RSJ LexComply 
on 27 February 2017
Published in Taxation
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