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VAT - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Demand and recovery of purchase tax after 5 years - period of ...


Purchase Tax Recovery Limited by Five-Year Period: Legal Action or Orders Cease After Expiry, Rights Vested.

September 29, 2015

Case Laws     VAT and Sales Tax     HC

Demand and recovery of purchase tax after 5 years - period of limitation - Once a period of limitation prescribed by law expires, the right to sue or pass an order comes to an end. Resultantly, a vested or an accrued right arises in favour of a party. - HC

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