ca vijay kumar gupta [email protected]. passed by the delhi assembly on 13-12- 2012 ...
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![Page 1: CA VIJAY KUMAR GUPTA vijayguptaca104@yahoo.com. Passed by the Delhi assembly on 13-12- 2012 Received assent of LG on 24-12-2012 Applicable wef 16-01-2013](https://reader035.vdocument.in/reader035/viewer/2022062422/56649ec75503460f94bd3efc/html5/thumbnails/1.jpg)
CA VIJAY KUMAR [email protected]
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Passed by the Delhi assembly on 13-12-2012
Received assent of LG on 24-12-2012
Applicable wef 16-01-2013
By CA Vijay Kumar Gupta2
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Amendment in the defination of sale price(Sec.2(1) clause zd(vii)
Retail sale price of petrol and diesel will be treated as sale price
By CA Vijay Kumar Gupta3
![Page 4: CA VIJAY KUMAR GUPTA vijayguptaca104@yahoo.com. Passed by the Delhi assembly on 13-12- 2012 Received assent of LG on 24-12-2012 Applicable wef 16-01-2013](https://reader035.vdocument.in/reader035/viewer/2022062422/56649ec75503460f94bd3efc/html5/thumbnails/4.jpg)
Amendment in Sec.36A Rate of TDS increase from 2% to
4% for payment made by any person(excluding Individual or HUF) to any contractor
Uniform rate of TDS to all dealers whether registered or unregistered
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Rate of TDS on the payment by contractor to subcontractor increased from 2% to 4%
Uniform rate of TDS to all dealers whether registered or unregistered
By CA Vijay Kumar Gupta5
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Amendment to Sec.58A Requirement of proceedings under
DVAT-04 has been removed. Now, Commissioner can order Audit u/s 58A at his own will keeping in mind the nature and complexity of the business of the dealer
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Section 58(2) substituted.
Fees of audit shall be determined and paid by the commissioner and his determination shall be final.
By CA Vijay Kumar Gupta7
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Amendment to Sec.95 For New dealers ,intimation of IEC
compulsory at the time of Registration Every dealer has to intimate his
existing IEC number to the Department with in 2 months i.e. 15-03-2013
If obtained subsequently, intimation with in 15 days of obtaining IEC
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Failure to intimate IEC leads to penalty of 1000 per week subject to a maximum of 50000/-Sec.95(4)
By CA Vijay Kumar Gupta9