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Delhi Value Added Tax (Amendment) Act, 2009 Complete Act

State: Delhi

Year: 2009

.....goods, as defined from time to time in the Central Sales Tax Act, 1956(74 of 1956);". Section 3 - Amendment of Section 9 In the principal Act, in Section 9,- (a) in sub-section (1), for the words "where the purchase arises", the words "to the extent of proportion of the goods which have been put to sale" shall be substituted (b) in sub-section (2), after clause (f), the following clause shall be inserted, namely:- "(g) to the dealers or class of dealers unless the tax paid by the purchasing dealer has actually been deposited by the selling dealer with the Government or has been lawfully adjusted against output tax liability and correctly reflected in the return filed for the respective tax period." Section 4 - Amendment of Section 10 In the principal Act, in Section 10, after sub-section (4), the following sub-section shall be inserted, namely:- "(5) Where the goods which have been purchased by a dealer are sold at a price lower than the price at which it was purchased by the dealer, the tax credit on such purchases shall be reduced proportionately in the tax period during which the goods are sold. Explanation: The tax credit claimed on a particular.....