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VAT - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Appellants are entitled to deduction claimed for with regard to ...


Retailers Can Deduct Discounts via Credit Notes Without Invoice Reflection, Following Standard Trade Practices.

July 27, 2014

Case Laws     VAT and Sales Tax     HC

Appellants are entitled to deduction claimed for with regard to the discount allowed by them as a retailer based on ordinary trade practice by way of issuing credit note even without showing the same in the sale invoice or the bill - HC

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