Government of National Capital Territory of Delhi
Department of Trade and Taxes (Policy Branch)
Vyapar Bhawan, IP Estate, New Delhi-11 0002
CIRCULAR No. 14 of 2012-13
Subject: Online submission of Tax Rate Wise Stock held on 31st day of March
Vide notification no.F.7/433/Policy-Ii/VAT/2012/472-483 dated 16.08.2012, the Department of Trade and Taxes has notified form Stock-1 and has made it mandatory for all dealers to submit online, Tax Rate Wise details of stock held on 3pt day of March every year in form Stock-1. This information is to be filed latest by the so” day of June ‘every year. However, the information relating to stock held as on 31st day of March 2012, is required to be submitted online up to 31stday of October, 2012.
This information is to be submitted qnline on the website of the Department www.dvat.gov.in The link for online filing of form Stock-1 can be accessed by going to the www.dvat.gov.in —- online return filing — dealer login —- Profile —- Add Stock. User manual for online submission of form Stock-1 is available in the link titled “User Manual” on the Home Page.
The information filed by the dealers in form Stock-1 will be used in scrutinising the information given by the dealer, tn DVAT / CST returns and Annexure 2A and 2B. It may be noted that in the event of non-submission of this information online, by the date designated for this purpose, it will be presumed that the value of stock in hand on 31st day of March of the relevant year was NIL and the returns for tax periods preceding and succeeding 31st day of March shall be assessed
Non compliance of these instructions will make a dealer liable to pay penalty under sub section (5) of section 70 of Delhi Value Added Tax Act, 2004.
All registered dealers are, therefore, requested to kindly file the requisite information online, within the stipulated time, so as to avoid inconvenience, adverse assessment and penalty at a
later date. .
Commissioner, Value Added Tax