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Implication of DVAT, VAT + CST |
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Implication of DVAT |
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We issue an Office Order for deduction of an amount equivalent to VAT amount for late submission of Invoices. We have deducted the same for 3 months amounting Rs. 25 Lacs for Nov. 2011, Rs. 8 lacs for December 2011 but we have not taken any effect of DVAT.
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