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VAT - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

By virtue of the specific exclusion of “first taxable sellers“ ...


"First Taxable Sellers" Excluded from Presumptive Tax Scheme u/s 6(5); Petitioners' Claim Rejected by Tribunal.

January 2, 2015

Case Laws     VAT and Sales Tax     HC

By virtue of the specific exclusion of “first taxable sellers“ from the scheme of payment of presumptive tax under “clause (d)“ of section 6(5), the lower authorities including the Tribunal have rightly rejected the claim of the petitioners - HC

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