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Features of New DVAT Forms 16 & 17 w.e.f. 1st April 2013

Return forms in Form DVAT 16 (for normal dealers) and Form DVAT 17 (for composition dealers) have been substituted with effect from 30.03.2013 vide notification no. F.3(15)/Fin.(RevI)/201213/dsvi/264 dated 30.03.2013.

Both these returns, along with its annexures, shall be filed online on the website of the DVAT Department. Presently, the dealer is also required to file hard copy of the return to the DVAT Department within the prescribed time. However, it is proposed in the Delhi Finance Budget, 2013 that the dealer will file, instead of submitting the hard copy of the entire DVAT return, the acknowledgment downloaded from the website after duly verification and signing by him

In Form DVAT 16, apart from few changes in the main return and its annexures, two new annexures, i.e. Annexure 2C and Annexure 2D have also been inserted. Annexure 2C consists of details of debit/notes relating to purchases, and Annexure 2D consists of details of debit/notes relating to sales.

Return Form in DVAT17 now consists of four pages, instead of earlier twopages. It has main part, which similar to return in Form DVAT16, and two Annexures: Annexure 2A and 2B.

SALIENT FEATURES OF THE REVISED DVAT RETURNS

S.N. Return Form Features
I Form DVAT16 It shall be used by all dealers other than Composition Dealers and Casual Traders
  a Main

Return

Apart from dealer™s details and main commodities dealt in by him,

main returns consists of: 

(i) Rate wise turnover of sales and purchases;

(ii) Net tax payable after making adjustments in the input tax and

output tax;

(iii) Details of payment of tax including TDS;

(iv) Amount carried to next tax period or refund claimed;

(v) Information by way of aggregate amount relating to central

purchases/sales, stock inwards/outwards from/ to branches,

imports, exports, highseas sales, etc.;

(vi) Verification and signatures of the dealer.

  b Main

Annexure

It consists of : 

(i) Adjustments in the output tax under Section 8;

(ii) Adjustments in the input tax under Sections 9 & 10.

  c Annexure

2A

(i) It is the quarterwise dealerwise summary of Form DVAT30

(Purchases/Inwards);

(ii) It shows the aggregate of ratewise and naturewise

purchases/inwards from every dealer/branch (local/ central

purchases, import, stock transfer, etc.);

(iii) Data in respect of unregistered dealers may be consolidated tax

rate wise for each quarter in a single row;

(iv) Ratewise aggregate amount of turnover and tax shown therein

must match with that shown in the main return.

  d Annexure

2B

(i) It is the quarterwise dealerwise summary of Form DVAT31

(Sales/Outwards);

(ii) It shows the aggregate of ratewise and naturewise

sales/outwards to every dealer/branch (local/central sales,

exports, stock transfer, etc.);

(iii) Data in respect of unregistered dealers may be consolidated taxrate

wise for each quarter in a single row;

(iv) Ratewise aggregate amount of turnover and tax shown therein

must match with that shown in the main return.

  e Annexure

2C

(i) It contains the entrywise details of debit/credit notes relating to

purchases;

(ii) It consists of details of debit/credit note, date, amount, TIN and

details of corresponding tax invoice, etc.;

(iii) Its naturewise aggregate must tally with the respective amount

shown in the main Annexure of DVAT16 (Adjustments in the

input tax).

  f Annexure

2D

(i) It contains the entrywise details of debit/credit notes relating to

sales;

(ii) It consists of details of debit/credit note, date, amount, TIN and

details of corresponding tax invoice, etc.;

(iii) Its naturewise aggregate must tally with the respective amount

shown in the main Annexure of DVAT16 (Adjustments in the

output tax).

II Form DVAT17 It shall be used by all Composition Dealers [Falling under General Scheme u/s 16(1) or Specific Scheme u/s 16(12)]
  a Main

Return

Apart from dealer™s details and main commodities dealt by him, main

returns consists of: 

(i) Ratewise turnover of sales and purchases;

(ii) Net tax payable;

(iii) Details of payment of tax including TDS;

(iv) Amount carried to next tax period or refund claimed;

(v) Information by way of aggregate amount relating to central

purchases, stock inwards from branches, imports, etc.;

(vi) Verification and signatures of the dealer.

  b Annexure

2A

(i) It is the quarterwise, dealerwise summary of purchases (local

and central), imports, etc.;

(ii) It also gives the details of works contracts executed by the subcontractors.

  c Annexure

2B

(i) It is the quarterwise, dealerwise summary of sales, works

contracts executed;

(ii) It also gives details of sale of scraps and capital goods.

OTHER FEATURES AND SAFEGUARDS

(i) Filing of these Annexures would facilitate the DVAT Department to verify the input tax credit (including adjustments therein) of the purchasing dealer with the output tax of the selling dealer. Therefore, to avoid mismatch and notices in future, it needs 100% accuracy: both for the selling dealer and the purchasing dealer.

(ii) Further, to avoid mismatch, sales by the selling dealer and purchases by the purchasing dealers should be entered in the quarter of issuance of invoice.

(iii) Information furnished in these Annexures would also be used by the Department for issuance of various central declaration forms (C/F/H/EI, etc.) online.

Detailed procedure for filling and filing of various Annexures to the Returns is available on the website of the DVAT Department, i.e., www.dvat.gov.in.

Tags: DelhiInvoiceNew DelhiSchemeStock transfer agentTaxTax creditValue Added Tax

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