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VAT - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Reassessment under UP VAT - Refund of Tax – There was no fresh ...


UP VAT Reassessment Fails: No New Evidence Found, Discounts to Consumers Were Genuine Transactions, Not Just Paper Credits.

September 7, 2013

Case Laws     VAT and Sales Tax     HC

Reassessment under UP VAT - Refund of Tax – There was no fresh material nor any tangible evidence was brought in any survey or in subsequent years which may have indicated that the discounts were actually not received by the consumers and that it was only a paper transaction by credit notes - HC

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