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VAT - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Input Tax Credit - manufacturing loss, but also goods which were ...

VAT and Sales Tax

June 1, 2020

Input Tax Credit - manufacturing loss, but also goods which were traded by the petitioner sold as such - there is no scope for reversal of input tax credit on inputs which get consumed during the course of manufacture as “invisible loss”.

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