Interpretation of statute - holding of stock - scope of the word ...

Clarification: "Holding of stock" in statute refers to running stock, not turnover, affecting VAT and Sales Tax rules.

March 6, 2019

Case Laws VAT and Sales Tax HC

Interpretation of statute - holding of stock - scope of the word “held” - the holding of stock, as found in the provision, can only be running stock and not the turnover in any event.

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Interpretation of statute - holding of stock - scope of the word ...

Clarification: "Holding of stock" in statute refers to running stock, not turnover, affecting VAT and Sales Tax rules.

March 6, 2019

Case Laws VAT and Sales Tax HC

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