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VAT Registration in Delhi

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VAT Registration in Delhi

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  1. Delhi vat registration process step by step in 2015 www.mybizzconsultants.com

  2. What is delhi vat registration • Delhi Value Added Tax or in short DVAT is a tax applicable on sale of goods within Delhi. Any person with turnover within Delhi exceeding Rs. 10,00,000 is required to be registered under DVAT and is liable to collect and pay DVAT tax to the Delhi Government. Further, any person purchasing or selling good from/to outside Delhi is also liable to be registered under DVAT in addition to registration under Central Sales Tax Act (CST).

  3. Type of Delhi vat registration • A person can also apply for voluntary DVAT registration with or without CST even if he is not required take compulsory registration. • There are two types of DVAT registration i.e. • Normal DVAT Registration • Registration under DVAT Composition Scheme

  4. DVAT Composition scheme • DVAT Composition scheme is a easy version of DVAT introduced with DVAT Act for easy compliance by small businessmen. This scheme is applicable to small dealers only i.e. dealers with turnover less than Rs. 40 Lakhs (Rs. 40,00,000). Further, the dealer should only Purchase or Sale goods within the state of Delhi only.

  5. Applicability of composition scheme • Turnover of Dealer should not exceed Rs. 40 Lakhs (Rs. 40,00,000) • The dealer should exclusively sell / purchase goods within the State of Delhi • Terms & Conditions of DVAT Composition Scheme • The dealer can purchase goods only from other Registered Dealers within Delhi only after payment of full VAT • Composition Dealer cannot claim any credit of VAT paid on purchase of goods • Composition Dealer cannot charge VAT to its customers on the invoice • VAT liability of Composition Dealer shall be 1% of its total turnover

  6. Delhi vat registration procedure • Prepare documents required for DVAT registration • Arrange for DVAT Surety (Get More Details Here - www.mybizzconsultants.com • File From DVAT 4 along with all documents and surety with DVAT Department • If also require CST registration file Form A along with DVAT 4 • Get DVAT Registration Certificate along with TIN Number • Vat Inspector will visit your business premises within 15 days of TIN Registration

  7. Registration documents • For Proprietorship • Identity Proof of Proprietor • 3 Photographs of Proprietor • Address Proof of Proprietor • Address Proof of Proprietorship • if self owned then copy of Electricity Bill / Property Tax Receipt / Sale Deed • if rented then NOC from Landlord, Rent Agreement, Electricity Bill / Property Tax Receipt / Sale Deed of Landlord • Bank Account Details and Latest Bank Statement of Proprietorship • List of Goods to be dealt in along with goods required for packing, if any

  8. Just Log on http://www.mybizzconsultants.com/ (India’s First Legal Marketplace where you can find the Best Service at Pricing of Legal Service Providers and Choose High Quality of Service) Get vat registration online at www.mybizzconsultants.com

  9. Contact Us Mybizz Consultant Private Limited 207-208 Abhishek Business Center Near Gate No-1 Exit Of Laxmi Nagar Metro Station, Laxmi Nagar - Delhi-92 Telephone: +91 8860701195 E-mail: info@mybizzconsultants.com Website: http://www.mybizzconsultants.com/

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