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VAT - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Demand of Interest u/s Section 8(1) of the UPTT Act - liability ...


Assessee Liable for Tax and Interest on Oil Seeds Purchase Under UPTT Act Despite Missing Statutory Forms.

August 3, 2019

Case Laws     VAT and Sales Tax     HC

Demand of Interest u/s Section 8(1) of the UPTT Act - liability to pay tax on purchase of oil seeds - claim for exemption raised by the assessee was dependent on the issuance of the statutory forms and it is admitted that no such forms ever came to be issued - there was a promise on part of the selling dealers to issue Form III-C(2) would be of no avail, insofar as the revenue authorities are concerned - tax & interest payable

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