Section 23 of Delhi Value Added Tax Act 2004 - Effect of
What is the Effect of de-registration? Section 23 of DVAT Act 2004
Section 23 : Effect of de-registration - Delhi Value Added Tax Act
(1) Every person whose registration is cancelled shall pay in
respect of all goods held on the date of cancellation an amount
equal to the higher of ?
(a) the tax that would be payable in respect of those goods
if the goods were sold at their fair market value on that date;
(b) the tax credit previously claimed in respect of those
(2) Where the dealer has accounted for turnover on the basis
received and amounts paid, he shall include in the turnover of
his final return -
(a) any amount not yet received in respect of sales made
while he was
(b) any amount not yet paid in respect of purchases made
while he was registered.