Section 47A of Delhi Value Added Tax Act 2004 - Liability under this Act to be the first charge

Is Liability under this Act to be the first charge Section 47A of DVAT Act 2004


 

Section 47A : Liability under this Act to be the first charge - Delhi Value Added Tax Act 2004

Notwithstanding anything contained in any contract to the contrary, but subject to any provision regarding creation of first charge in any Central Act for the time being in force, any amount of tax, penalty, interest, composition money, sum forfeited, fine or any other sum payable by a dealer or any other person under this Act, shall be the first charge on the property of the dealer or, as the case may be, the person.