Furnishing of security by spouse/sister concerns u/s 25 of the DVAT Act, 2004

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....y by spouse/sister concerns u/s 25 of the DVAT Act, 2004 Under sub-rule (7) of Rule 23 of the Delhi Value Added Tax Rules, 2005, various forms of securities alongwith conditions have been prescribed and one of the forms of filing the surety is described under the above stated rule at item No. (8) which includes among other forms, personal security, which usually, is furnished by the dealer duly e....

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.... to the notice of all VATO's/AVATO's that security of the type referred to above may not be accepted as it virtually defeats the very purpose of obtaining security. The instructions should be followed scrupulously. Acceptance of security in contravention to the above directions will be viewed seriously. This issues with the approval of the Commissioner, Value Added Tax. Sd/- PRADEEP BAIJAL Va....