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VAT - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Reasonableness of retrospective legislation - Package schemes of ...


Court Rules Retrospective Levy with Interest on Incentive Schemes Valid, Penalties Only Apply Prospectively for VAT & Sales Tax.

June 15, 2013

Case Laws     VAT and Sales Tax     HC

Reasonableness of retrospective legislation - Package schemes of incentive - retrospective levy with interest upheld - penalty would be prospective only - HC

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