Responsibility of a registered dealer of DVAT
The dealer who is registered with DVAT authorities as a dealer needs to do the following:
Charge DVAT on all sales made in Delhi
The dealer can claim tax credit on purchase of goods in Delhi
The dealer needs to issue Tax Invoice or Retail Invoice to the
Customer
The dealer needs to deposit tax within the time limit
Submit DVAT return in the prescribed time
Maintain proper records such as tax invoices, DVAT 2A, 2B, 2C &
2D, DVAT 30, 30A, DVAT 31, 31A to support claims for input tax
credits on purchases so that the liability can be verified.
If the tax credit of the dealer against purchase exceeds DVAT
liability against sales, credits can be applied against Central
Sales Tax (CST) Liability.
Refund can be claimed against the amount of excess credit still remaining.
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