Latest Tax rates of Central Sales Tax is as follows. Those who sell against forms must collect the forms and submit with the department before due date. These rates are effective from 1st Jun 2008
|
Conditions |
Sale Against 'C' Form |
Sale without 'C' Form |
|
If the goods are tax fee or exempted un conditionally |
Nil |
Nil |
|
If rate of tax under Delhi VAT Act is less than 2% |
Rate According to Delhi VAT Act |
Rate According to Delhi VAT Act |
|
If rate of tax under Delhi VAT Act is more than 2% |
2% |
Rate According to Delhi VAT Act |
Penalties for various defaults under Delhi Value Added Tax (DVAT) Act
Section 86(12) Where a tax deficiency arises: Penalty u/s 86(12)
Section 86(15) Prepares records and accounts i.e. false misleading or deceptive
Section 86(20) Statement to the commissioner: False, misleading, deceptive, omits statements
Section 86(22) A casual failed to furnish return or other document with return in the due date