TMI BlogDemand of VAT on the invisible loss of yarn emerging during manufacturing process - Assessing Officers...Demand of VAT on the invisible loss of yarn emerging during manufacturing process - Assessing Officers were not justified in adopting uniform percentage as invisible loss and calling upon the dealer to reverse the refund/input tax credit availed to that extent - it is the onus upon the manufacturer to prove the loss / waste - matter remanded back - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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