Ratio for auto-downloading of central statutory forms has been revised from 60% to 45%.
Delhi Government has prescribed that the facility of auto-downloading of the forms shall not be available for the tax period where the ratio of sale to purchase, (including stock transfer and local transactions) falls below 45%. The purchase of capital goods has be kept out of the proposed mechanism which shall be available only to eligible dealers. The download of forms shall also be further subject to the following conditions:
(i) Items should be allowed on the R.C.
(ii) The dealer for whom forms are obtained should not be cancelled dealer.
(iii)There is no adverse material on record.
[Circular No. F.3(556)/Policy/VAT/2015/1366-71 Dated 27th January, 2016]