Input tax credit - levy of purchase tax - there is no scope for ...

VAT and Sales Tax

February 8, 2020

Input tax credit - levy of purchase tax - there is no scope for ambiguity. Input tax credit can be adjusted only for payment of tax under Section 3(2) and not under Section 12(1) of the Act. Purchase tax payable under Section 12(1) of the Act has to be paid in cash.

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Input tax credit - levy of purchase tax - there is no scope for ...

VAT and Sales Tax

February 8, 2020

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