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VAT - Highlights / Catch Notes

Home Highlights October 2016 Year 2016 This

Input Tax Credit - discount/incentive received - sale of goods ...


High Court: ITC Valid Even When Goods Sold Below Invoice Price Due to Discounts or Incentives.

October 1, 2016

Case Laws     VAT and Sales Tax     HC

Input Tax Credit - discount/incentive received - sale of goods at a rate lower than the price shown in the VAT invoice - ITC cannot be disallowed - HC

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