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of <h1>Delhi Circular: Spouse or Sister Concern Securities Unacceptable u/s 25, DVAT Act 2004. Strict Compliance Required.</h1> The circular from the Office of the Commissioner, Sales Tax, Delhi, addresses the issue of furnishing security under Section 25 of the DVAT Act, 2004. It highlights that securities provided by spouse or sister concerns of the applicant dealer, which have common proprietors or partners, are not acceptable. Such securities are deemed ineffective as they essentially mean 'self' standing as security for 'self,' defeating the purpose of securing liabilities under the DVAT Act, 2005, and the CST Act, 1956. The circular instructs VAT officers to strictly adhere to this guideline, warning that non-compliance will be taken seriously.
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