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VAT - Highlights / Catch Notes

Home Highlights June 2015 Year 2015 This

Levy of tax on purchase value - TNVAT - Sales had been done by ...


Court Rules Respondent Lacks Jurisdiction to Assess Tax on Purchase Value Under TNVAT Section 3(4)(a)(ii.

June 8, 2015

Case Laws     VAT and Sales Tax     HC

Levy of tax on purchase value - TNVAT - Sales had been done by the petitioner to the tune of ₹ 47,05,257/-. In view of Section 3(4)(a)(ii) extracted supra, the respondent has no jurisdiction to assess the tax based on the purchase value - HC

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