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VAT - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Whether the State Bank of India (SBI) and its branches, which ...

Case Laws     VAT and Sales Tax

November 12, 2016

Whether the State Bank of India (SBI) and its branches, which are registered dealers under the Bengal Finance (Sales Tax) Act, 1941 would be liable to levy of purchase tax under Section 5(6a) of the Act for accepting the Exim Scrips (Export Import Licence) on payment of premium of 20 per cent of the face value of the scrips in compliance with the direction of the RBI - Held No - SC

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