CA VIJAY KUMAR GUPTA vijayguptaca104@yahoo.com

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Passed by the Delhi assembly on 13-12-
2012
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Received assent of LG on 24-12-2012
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Applicable wef 16-01-2013
By CA Vijay Kumar Gupta
2

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Amendment in the defination of sale price(Sec.2(1) clause zd(vii)
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Retail sale price of petrol and diesel will be treated as sale price
By CA Vijay Kumar Gupta
3

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Amendment in Sec.36A
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Rate of TDS increase from 2% to 4% for payment made by any person(excluding Individual or HUF)
 to any contractor
Uniform rate of TDS to all dealers whether registered or unregistered

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Rate of TDS on the payment by contractor to subcontractor increased from 2% to 4%
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Uniform rate of TDS to all dealers whether registered or unregistered
By CA Vijay Kumar Gupta
5

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Amendment to Sec.58A
Requirement of proceedings under
DVAT-04 has been removed. Now,
Commissioner can order Audit u/s 58A at his own will keeping in mind the nature and complexity of the business of the dealer

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Section 58(2) substituted.
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Fees of audit shall be determined and paid by the commissioner and his determination shall be final.
By CA Vijay Kumar Gupta
7

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Amendment to Sec.95
For New dealers ,intimation of IEC compulsory at the time of Registration
Every dealer has to intimate his existing
IEC number to the Department with in 2 months i.e. 15-03-2013
If obtained subsequently, intimation with in 15 days of obtaining IEC

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Failure to intimate IEC leads to penalty of 1000 per week subject to a maximum of 50000/-Sec.95(4)
By CA Vijay Kumar Gupta
9