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VAT - Highlights / Catch Notes

Home Highlights May 2020 Year 2020 This

Benefits of Investment subsidy - the Petitioners are entitled to ...

VAT and Sales Tax

May 19, 2020

Benefits of Investment subsidy - the Petitioners are entitled to have the benefit of Investment Subsidy to an extent of 25% of the infrastructure cost , subject to a ceiling of the Sales Tax / VAT / CST paid in the State for the first ' five ' years - Respondents-State are permitted to set off / adjust the investment subsidy payable to the Petitioners, against the tax liability to be cleared by the Petitioners in respect of any past, present or future transactions.

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