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VAT - Highlights / Catch Notes

Home Highlights September 2014 Year 2014 This

Denial of input tax credit - the word ‘business’ as occur in ...

VAT and Sales Tax

September 4, 2014

Denial of input tax credit - the word ‘business’ as occur in Sub-section (6) of Section 2 is independent and therefore, input tax credit on the purchases such as fertilizers, chemicals, pesticides etc. used in agricultural/horticultural activity cannot be granted. - HC

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