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VAT - Highlights / Catch Notes

Home Highlights December 2015 Year 2015 This

Rejection of applications for settlement under the Tamil Nadu ...

VAT and Sales Tax

December 29, 2015

Rejection of applications for settlement under the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2011 - A person who had collected tax from the customers and allowed to retain it under a deferred payment scheme, cannot claim that he would pay 40% of what was collected by him together with interest calculated from the date of assessment. - HC

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