Demand of VAT on the invisible loss of yarn emerging during ...
Court Rules VAT on Yarn Loss Unjust; Manufacturer Must Prove Loss Extent, Case Remanded for Review.
April 28, 2015
Case Laws VAT and Sales Tax HC
Demand of VAT on the invisible loss of yarn emerging during manufacturing process - Assessing Officers were not justified in adopting uniform percentage as invisible loss and calling upon the dealer to reverse the refund/input tax credit availed to that extent - it is the onus upon the manufacturer to prove the loss / waste - matter remanded back - HC
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