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VAT - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Investment based exemption - The exemption was granted on the ...


Exemption Granted for Fixed Capital Investment; New Machine Investments Not Covered for Production Benefits.

August 30, 2013

Case Laws     VAT and Sales Tax     HC

Investment based exemption - The exemption was granted on the fixed capital investment made by the entrepreneur - Further, if any further investment was made by installing new machines then the benefit of exemption to the production of goods from such new machines was not available - HC

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