When the assessee is not permitted to collect the sales tax...
Assessee Cannot Collect Sales Tax but Including It in Dealer's Price Counts as Trading Receipt Per State Notification.
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Income TaxMay 27, 2013Case LawsAT
When the assessee is not permitted to collect the sales tax under the notification issued by the State Govt. the collection of sales tax as a part of dealers' price is nothing but constitutes a trading receipt. - AT
When the assessee is not permitted to collect the sales tax under the notification issued by the State Govt. the collection of sales tax as a part of dealers' price is nothing but constitutes a trading receipt. - AT
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