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VAT - Highlights / Catch Notes

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Lien over Bank account - territorial jurisdiction - both KVAT ...


Tax Authority Can Recover Dues by Selling Shares, Accessing Bank Accounts Beyond Jurisdiction Under KVAT, KTEG Acts.

April 1, 2017

Case Laws     VAT and Sales Tax     HC

Lien over Bank account - territorial jurisdiction - both KVAT and KTEG Acts authorize recovery officers to demand money from "any person" and authorize recovery by attachment and sale of share in Companies. Hence, by natural corollary a tax recovery authority can lay its hands on the money in deposit in a bank account situated beyond its territory if the same is accessible online - HC

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