BY CA Manoj Kohli 21st Jan,2010 The latest notification of Delhi VAT Department has made some changes about the rate of VAT percentage and increase some formalities to claim “Input Tax Credit”. the notification has approved the amendment in DelhiValue Added Tax Act, 2004.
The rate which was earlier 4 percentage now become 5 percentage as mention in Third Scheduled of Delhi VAT Act w.e.f. 13 Jan, 2010.