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VAT - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Sales Tax - Recovery of tax - Priority as between sales tax dues ...


Sales Tax Dues Take Priority Over Mortgages, Ensuring Tax Obligations Are Settled Before Bank Debts.

November 11, 2013

Case Laws     VAT and Sales Tax     HC

Sales Tax - Recovery of tax - Priority as between sales tax dues and dues owed to banks and financial institutions - when a first charge is created by operation of law over any property, that charge will have precedence over an existing mortgage - HC

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