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VAT - Highlights / Catch Notes

Home Highlights July 2018 Year 2018 This

If after payment of quarterly tax the compounding application is ...

Case Laws     VAT and Sales Tax

July 31, 2018

If after payment of quarterly tax the compounding application is rejected, necessarily, the assessee will have to file returns by producing the books of account. Therefore, payment of tax at compounded rate by itself cannot be a reason for concluding that there is a concluded contract between the parties.

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