Security waiver for government entities under VAT permits registration without prescribed security based on creditworthiness. The Commissioner, invoking sub section (2) of Section 25 of the DVAT Act, 2004, has withdrawn the condition that Government Organisations, Public Sector Undertakings and Government Undertakings must furnish security as a condition of registration, applying to entities now registering after repeal of prior sales tax exemptions.
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Provisions expressly mentioned in the judgment/order text.
Security waiver for government entities under VAT permits registration without prescribed security based on creditworthiness.
The Commissioner, invoking sub section (2) of Section 25 of the DVAT Act, 2004, has withdrawn the condition that Government Organisations, Public Sector Undertakings and Government Undertakings must furnish security as a condition of registration, applying to entities now registering after repeal of prior sales tax exemptions.
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