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VAT - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Bank liability to pay VAT – sale of goods to recover loan was ...

VAT and Sales Tax

August 31, 2015

Bank liability to pay VAT – sale of goods to recover loan was part of banking business – No reason to exclude bank from definition of “dealer” under OVAT even in absence of express inclusion of bank in said definition - HC

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