Verification of genuineness of transactions - VAT - Delhi - 039

GOVT. OF NCT OF DELHI DEPARTMENT OF VALUE ADDED TAX BIKRI KAR BHAWAN, NEW DELHI No.VAT/Policy-III/2005-06/1042 Dated : 24/10/2005 CIRCULAR NO. 39 OF 2005-06 In continuation of Circular no. 8 of 2005-06 dated 26-6-05, it has been reiterated that Assessing Authority must keep in mind that mere production of statutory forms does not establish the genuineness of transactions and before granting exemption, corroborative evidences have to be weighed and meticulous scrutiny of books of accounts and other relevant documents has to be made. In case of large value transactions and in case of any doubt or defect in the statutory forms, the genuineness of the forms must be got verified from the concerned Issuing Authorities. Before granting exemption or concessional rate of tax, Assessing Authorities have to satisfy that complete details are available on the statutory forms. This issues with the prior approval of Commissioner, VAT. (S.R. Maheshwari) VATO (Policy-III) No.VAT/Policy-III/2005-06/1042 Dated : 24/10/2005 Copy forwarded for information and necessary action to : 1. All Assessing Authorities 2. All Addl. CSTs/JCs/DCs 3. All Zonal DCs/JCs 4. PS to Commissioner, VAT 5. President, Sales Tax Bar Association (Regd.), Delhi. 6. Guard file (S.R. Maheshwari) VATO (Policy-III)