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VAT - Highlights / Catch Notes

Home Highlights April 2014 Year 2014 This

Heavy condition of Security – Considering the turnover of the ...


Court Rules Rs. 10 Lakh Security Deposit Excessive for Assessee's Turnover Under VAT Act Section 28(2.

April 1, 2014

Case Laws     VAT and Sales Tax     HC

Heavy condition of Security – Considering the turnover of the assessee and the probable tax liability, condition of security deposit of Rs. 10 lakhs is too harsh in terms of section 28(2) of the VAT Act - HC

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