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VAT - Highlights / Catch Notes

Home Highlights July 2019 Year 2019 This

Addition to sales turnover - difference in the value of stock ...


Court Remands Case on Stock Transfer Discrepancy for Reassessment of Alleged Undisclosed Sales Turnover.

July 13, 2019

Case Laws     VAT and Sales Tax     HC

Addition to sales turnover - difference in the value of stock transfer(F-Form) and books of accounts - the authorities have not considered that suppression in the sale turnover with respect to the quantity of goods received under stock transfer - The evasion or escapement of tax can be attributed only if there is any specific allegation in disclosing the sales turnover - remanded as above said aspect are not considered

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