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of <h1>Section 40A: Arrangements Undermining Delhi VAT Act Declared Void; Commissioner Can Adjust Tax Liabilities to Counter Advantages.</h1> Section 40A of the Delhi Value Added Tax Act, 2004, stipulates that any arrangement between parties intended to undermine the Act's objectives is void. If the Commissioner determines that an arrangement exists to defeat the Act's purposes, they can declare it null and void. The Commissioner may adjust the tax liabilities of any involved party to counteract any tax advantage gained from the arrangement. An 'arrangement' encompasses any contract or plan, and a 'tax advantage' includes reduced tax liability, increased input tax credit or refund entitlements, or altered sale or purchase prices.
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