Levy of sales tax on banks - Dealer or not - whether a bank, ...
Case Laws VAT and Sales Tax
October 13, 2015
Levy of sales tax on banks - Dealer or not - whether a bank, which holds hypothecation of vehicles in their favour, would be a dealer within the definition of the expression under Section 2(15) of the Act, merely because the bank seizes and repossesses the hypothecated vehicle and brings it to sale through public auction - Held Yes - HC
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