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VAT - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Reversal of Input Tax Credit on issuance of credit note – ...

VAT and Sales Tax

August 26, 2015

Reversal of Input Tax Credit on issuance of credit note – nothing has been brought on record by Department to show that arrangement by which discounts/incentives were offered to purchasing dealers by selling dealers was with view to "defeat the application or purposes of" any provision of DVAT - ITC not be reversed - HC

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