Demand of VAT on the invisible loss of yarn emerging during ...

VAT and Sales Tax

April 28, 2015

Demand of VAT on the invisible loss of yarn emerging during manufacturing process - Assessing Officers were not justified in adopting uniform percentage as invisible loss and calling upon the dealer to reverse the refund/input tax credit availed to that extent - it is the onus upon the manufacturer to prove the loss / waste - matter remanded back - HC

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Demand of VAT on the invisible loss of yarn emerging during ...

VAT and Sales Tax

April 28, 2015

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