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VAT - Highlights / Catch Notes

Home Highlights July 2016 Year 2016 This

Entitlement of composition scheme - conditions and restrictions ...

Case Laws     VAT and Sales Tax

July 13, 2016

Entitlement of composition scheme - conditions and restrictions imposed under Rules 135 and 144 of the KVAT Rules, 2005 - they were "goods in stock" - Tiles purchased from the State of Gujarat on payment of Central Sales Tax and fixed in the floor of the Restaurant in question, cannot be said to be "goods in stock" while they can definitely be said to be "goods" as such - HC

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