A mere receipt of money, may attract liability to income tax, ...

VAT and Sales Tax

December 17, 2018

A mere receipt of money, may attract liability to income tax, but sales tax could be levied only if there is a transaction of sale; which the Department has not proved in this case. The receipt alone cannot raise a presumption of taxable transaction or a computation of tax evaded.

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A mere receipt of money, may attract liability to income tax, ...

VAT and Sales Tax

December 17, 2018

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