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VAT - Highlights / Catch Notes

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Priority of charge over assets - Secured creditors versus Crown ...

VAT and Sales Tax

May 30, 2022

Priority of charge over assets - Secured creditors versus Crown Debts (State tax dues) - Attachment of property - default in repayment of loan amount - the State cannot claim any first charge over the subject property on the strength of Section-48 of the GVAT Act, 2003. - HC

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