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VAT - Highlights / Catch Notes

Home Highlights April 2021 Year 2021 This

Refund of Input Tax Credit - failure to reverse the input tax ...

VAT and Sales Tax

April 15, 2021

Refund of Input Tax Credit - failure to reverse the input tax credit in respect of the invisible loss ratio - The petitioner himself has come forward and given in writing that the invisible loss is at 5% - the order passed by the respondent accepting the same cannot be said to suffer from any error apparent on the face of the record. - HC

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