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VAT - Highlights / Catch Notes

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Liability to tax - Exemption from tax - if iron and steel are ...


Iron and Steel Tax: No Double Taxation Allowed on Subsequent Sales After Initial Levy at First Sale Point.

July 19, 2014

Case Laws     VAT and Sales Tax     HC

Liability to tax - Exemption from tax - if iron and steel are subjected to a single point levy of tax at the first point of sale, then there is no question of a second levy or charge at any subsequent point of sale or purchase - HC

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