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VAT - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

The company once exercise its option under compounding scheme ...


Companies in compounding schemes can't escape obligations by citing zero turnover or production during the relevant period.

April 9, 2014

Case Laws     VAT and Sales Tax     HC

The company once exercise its option under compounding scheme cannot be permitted to turn around and resile from its liability mere on the ground that it had no turn over or had not produced during the said period - HC

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