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VAT - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Whether the tax which the assessee has paid on the purchase of ...

VAT and Sales Tax

July 27, 2016

Whether the tax which the assessee has paid on the purchase of raw material and packing material which is ultimately used in the manufacture and packing of goods is liable to be adjusted in full from the ultimate tax liability which a dealer may stand faced with or is it liable to be adjusted only to the extent of the taxable turnover. - action of the assessing authority in reducing the set off which was claimed by the revisionist to be unsustainable. - HC

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