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VAT - Highlights / Catch Notes

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Levy of VAT on sale of Business - AO was completely wrong in ...


High Court Rules Sale of Entire Business Not Automatically Taxable Under VAT Laws; Clarifies Misinterpretation by Assessing Officer.

May 3, 2017

Case Laws     VAT and Sales Tax     HC

Levy of VAT on sale of Business - AO was completely wrong in thinking that the sale of a business as a whole is taxable simply because such a sale also involves a sale of several items used in the course of business - HC

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