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VAT - Highlights / Catch Notes

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Deletion of penalty - Tribunal erred in deleting the penalty ...

VAT and Sales Tax

July 15, 2022

Deletion of penalty - Tribunal erred in deleting the penalty imposable on the dealer under Section 42(5) of the OVAT Act, particularly since it came to the conclusion that the levy of tax on the uncollected VAT amount by the dealer was not excusable and upholding the orders of the STO and the JCST in that regard. - HC

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