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VAT - Highlights / Catch Notes

Home Highlights February 2018 Year 2018 This

Valuation - VAT - It must be remembered that taxable turnover is ...


VAT Taxable Turnover: Deduct Allowable Trade Discounts to Determine Correct Taxable Amount.

February 7, 2018

Case Laws     VAT and Sales Tax     SC

Valuation - VAT - It must be remembered that taxable turnover is turnover net of deductions. All trade discounts are allowable as permissible deductions - SC

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