[40A. Agreement to defeat the intention and application of this Act to be void.
(a) "arrangement" includes any contract, agreement, plan or understanding, whether enforceable in law or not and all steps and transactions by which the arrangement is sought to be carried into effect;
(b) "tax advantage" includes:
(i) any reduction in the liability of any dealer to pay tax,
(ii) any increase in the entitlement of any dealer to claim input tax credit or refund,
(iii) any reduction in the sale price or purchase price receivable or payable by any dealer.]
Section 40 • The Delhi Value Added Tax Act, 2004
40. Collection of tax only by registered dealers.
the-delhi-value-added-tax-act-2004-sec-40.json
•
Section 40
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"act_title": "The Delhi Value Added Tax Act, 2004",
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"number": "40",
"title": "40. Collection of tax only by registered dealers.",
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"content": "[40A. Agreement to defeat the intention and application of this Act to be void.\n(a) \"arrangement\" includes any contract, agreement, plan or understanding, whether enforceable in law or not and all steps and transactions by which the arrangement is sought to be carried into effect;\n(b) \"tax advantage\" includes:\n(i) any reduction in the liability of any dealer to pay tax,\n(ii) any increase in the entitlement of any dealer to claim input tax credit or refund,\n(iii) any reduction in the sale price or purchase price receivable or payable by any dealer.]",
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