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VAT - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Opting out of scheme of compound levy / composite method of ...


Business Closure Doesn't Allow Opt-Out from Chosen Tax Scheme; Withdrawal Requires Statutory Compliance.

March 26, 2014

Case Laws     VAT and Sales Tax     SC

Opting out of scheme of compound levy / composite method of taxation on ground of closure of business - scheme once opted can be withdrawn only within the framework of statutory provisions - SC

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