CIRCULAR NO. 15 OF 2007-08

Sub : Intimation for change of Tax period for the year 2008-09 in Form DVAT-55. As per Rule 26(4), the registered dealers whose turnover during the year 2007-

08 has exceeded or reduced or otherwise, are required to intimate regarding change of Tax period for the year 2008-09 as per the guidelines given below.

2. As per Rule 26(1) of DVAT Rule-2005, the tax period for a dealer where the turn-over in the preceding year:-

(a) is at or below ten lakh rupees, shall be one year; or

(b) is at or below fifty lakh rupees but exceeds ten lakh rupees, shall be six months; or

(c) is at or below five crore rupees but exceeds fifty lakh rupees, shall be a quarter; or

(d) exceeds five crore rupees, shall be one month:

3. As per rule 26(3) a dealer can opt for the change of Tax period as under:-

A dealer to whom:

(a) clause (a) of sub-rule (1) applies, can opt the tax period of six months or a quarter or one month; or

(b) clause (b) of sub-rule (1) applies, can opt the tax period of a quarter or one month; or

(c) clause (c) 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.

4. In pursuance to rule 26(4) of DVAT Rules -2005 an intimation for change in tax period in accordance with Sub-Rule (1) and Sub Rule (3) of this rule shall be furnished to the Commissioner in DVAT Form 55 within 15 days from the 1st April of the year 2008. Therefore, it is mandatory for the dealers in case of any required/intended change to file the intimation as above by 15th of April, 2008 and no such intimation will be accepted thereafter.

5. This issues with the approval of Commissioner (VAT)(Rajender Kumar) Value Added Tax Officer (Policy) No.F.6(51)/Policy-I/VAT/2007-08/950-961 Dated: 20.03.2008

Copy for information and necessary action to:-

1. P.S. to Commissioner, Value Added Tax, Delhi.

2. All Additional Commissioners.

3. All Joint / Deputy Commissioners.

4. Joint Commissioner (TPS).

5. Dy. Commissioner (PR/Adv.) for necessary advertisement/publicity.

6. Dy. Commissioner (Facility Management).

7. All VATOs/AVATOs of all Wards of Operations.

8. All VATOs/AVATOs, Front Office/CRC Cell/PR branch/TPS/Legal Service Cell/CFC.

9. Manager (EDP), Department of Trade and Taxes, Delhi.

10. President, Value Added Tax/Sales Tax Bar Association.

11. Assistant Director (R&S), R&S Branch, Department of Trade and Taxes.

12. Guard File.(Rajender Kumar)

Value Added Tax Officer (Policy)