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VAT - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Demand of interest - additional demand of tax due to denial of ...

Case Laws     VAT and Sales Tax

April 9, 2018

Demand of interest - additional demand of tax due to denial of ITC where credit notes issued by the party - The law does not envisage assessee to predict final assessment and expecting to pay tax on that basis to avoid the liability to pay interest - demand of interest and recovery thereof is unsustainable in law - HC

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