https://www.taxtmi.com/caselaws?id=384292 Rule 37(1) of the U.P. Value Added Tax Rules, 2008 prescribes the specific forms in which security may be furnished against a demand under Section 19, and it does not include a bank guarantee. An authority cannot therefore insist on a mode of security not authorised by the rule, even if the object is to protect revenue. Where the dealer is willing to furnish security in one of the permitted forms, the demand must be reconsidered within the statutory framework and decided afresh by the competent authority. en-us Fri, 02 Aug 2019 00:00:00 +0530 Fri, 09 Aug 2019 10:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=384292 Rule 37(1) of the U.P. Value Added Tax Rules, 2008 prescribes the specific forms in which security may be furnished against a demand under Section 19, and it does not include a bank guarantee. An authority cannot therefore insist on a mode of security not authorised by the rule, even if the object is to protect revenue. Where the dealer is willing to furnish security in one of the permitted forms, the demand must be reconsidered within the statutory framework and decided afresh by the competent authority. Case-Laws VAT and Sales Tax Fri, 02 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=384292