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VAT - Highlights / Catch Notes

Home Highlights February 2020 Year 2020 This

Benefits of exemption - The Hank Yarn of others types of Yarns ...

VAT and Sales Tax

February 10, 2020

Benefits of exemption - The Hank Yarn of others types of Yarns like Silk for Handloom Kancheepuram and Banarasi Silk Sarees, Khadi Slik, Linen fabric are also used by Handloom Industry. Therefore, we do not appreciate why exemption should be restricted only to Cotton Hank Yarn, as contended by Revenue. Entry 44 never meant a harm to be caused to other type of yarns sold in Hank form, by denying exemption to them.

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