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VAT - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Levy of sales tax / VAT on sale of REP licenses - .Whether the ...

VAT and Sales Tax

July 16, 2015

Levy of sales tax / VAT on sale of REP licenses - .Whether the Hon'ble Tribunal is correct in holding that the income received by way of premium on sale of REP licences alone is taxable as 'turnover' as against the aggregate amount for which the said goods were sold - Held yes - HC

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