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VAT - Highlights / Catch Notes

Home Highlights October 2021 Year 2021 This

Scope of "dealer" as per section 2(15) of the TNVAT Act, 2006 - ...

VAT and Sales Tax

October 7, 2021

Scope of "dealer" as per section 2(15) of the TNVAT Act, 2006 - NBFC - sale of repossessed vehicle on behalf of the defaulter by the Petitioner/Appellant - liability of taxes under VAT Act on the sale of the Hypothecated Motor Vehicles - There are many such clauses in the agreement, which clearly elucidate that theory as propounded by the assessee that the sale is effected by them as an agent of the borrower has to necessarily fall. - HC

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