Regarding additional security for an amount equal to 0.1% of the maximum of the quantified turnover

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Dated 19/08/2015 The department has been able to detect numerous dealers, during recent years, who in terms of provisions of Section 40A of the DVAT Act, 2004 have entered into an , arrangement to defeat the purposes of the DVAT Act or any provision of the Act, by way of claiming refunds, on Input Tax Credit to which they are not entitled or by providing fictitious ITC to the purchasing dealer ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....stered with the department within last three years, whose turnover excluding the turnover of goods specified in the First Schedule and the turnover of exports (hereinafter mentioned as 'Quantified Turnover') has crossed Rs. 10 crores in any of the financial years from the year of his registration with the department and who has deposited tax less than 0.1% of such quantified turnover in th....