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VAT - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Revision of assessment after 5 years - period of limitation - ...


Assessment Revision Under HVAT Sections 40, 28, 31 Must Conclude Within 5 Years of Original Order.

August 8, 2016

Case Laws     VAT and Sales Tax     HC

Revision of assessment after 5 years - period of limitation - section 40 r.w.s. 28 & 31 of HVAT - Revision proceedings must conclude within 5 years from the date of order. - It is not merely initiation of proceedings for revision. - HC

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