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VAT - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

The insurance charges and carrying charges do not form part of ...


Insurance and carrying charges excluded from sale price; sale finalized at spot delivery. Charges incurred later.

October 12, 2017

Case Laws     VAT and Sales Tax     HC

The insurance charges and carrying charges do not form part of the sale price for the reason that the sale was completed at the point of spot delivery and the insurance and carrying charges were incurred thereafter - HC

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