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VAT - Highlights / Catch Notes

Home Highlights August 2016 Year 2016 This

Revenue neutral exercise - Credit of entry tax paid is available ...


Manufacturers can claim entry tax credit, but must fulfill tax obligations to argue revenue neutrality.

August 8, 2016

Case Laws     VAT and Sales Tax     HC

Revenue neutral exercise - Credit of entry tax paid is available to manufactures - Unless the petitioners discharge their tax liability at their instance, no consideration to the plea of revenue neutrality - HC

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