Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Delhi Circular: Liquidators Must Notify Commissioner Within One Month Per Section 53 of VAT Act; Avoid Personal Liability.</h1> Circular No. 7 of 2007-08 from the Government of the National Capital Territory of Delhi addresses compliance with Section 53 of the Delhi Value Added Tax Act, 2004. It mandates that liquidators of companies in liquidation must notify the Commissioner of their appointment within one month. The Commissioner will then determine the tax liabilities of the company. Non-compliance by liquidators results in personal liability for the company's tax and penalties. The circular urges all Assessing Authorities to enforce these provisions and ensure compliance, emphasizing the importance of this notification process.