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VAT - Highlights / Catch Notes

Home Highlights October 2019 Year 2019 This

Valuation - inclusion of expenditure in the value - in absence ...


Valuation of Goods for VAT: Own Expenses Not Included Without Legal Provision, Supported by Case Law.

October 3, 2019

Case Laws     VAT and Sales Tax     HC

Valuation - inclusion of expenditure in the value - in absence of any legal fiction created by the Act to put a simple expenditure incurred on own account on the footing of a charge paid to another, that expense cannot be included in the value of goods.

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