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K.R. Srivats

New Delhi , April 1

THE State-level Value Added Tax (VAT) compliance procedures got a bit simpler in the national Capital territory of Delhi.

Delhi has moved to a VAT regime replacing sales tax system from today.

The Office of the Deputy Commissioner of VAT, New Delhi, has now held that dealers can use computer-generated stationery without pre-printed serial numbers for invoices.

In its comments to a memorandum submitted by the PHD Chamber of Commerce and Industry (PHDCCI), the Delhi VAT Department has at the same time stipulated that a dealer would have to maintain a proper system of numbering of invoices in a series.

This stance of the department would come as a relief for thousands of dealers in the NCT of Delhi. Traders had submitted that the provision requiring every dealer to sign all tax invoices should be removed. They had also represented that printing of the details of the printer in tax invoices/cash memos should be done away with. It was pointed out that most assesses are now issuing computerised invoices on which information about the printer cannot be given.

On the issue of definition of capital goods, the Delhi VAT Department has rejected PHDCCI's suggestion that the DVAT Act should borrow the definition of capital goods as existing in the Central Excise Act. PHDCCI had held that the definition of capital goods in the VAT law was restricted and that it did not include spares, components and office equipment.

The department has, however, held that the Excise Act dealt with manufacturing and therefore, there was no need to borrow that definition for VAT regime that has replaced sales tax.

As regards check posts, the Delhi VAT Department has indicated that the Delhi Government may, in public interest, decide to have check posts to tackle tax evasion.

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