Priority of the charge - statutory charge in favour of the Sales ...
Central Statutory Charges Take Priority Over State Tax Charges for Secured Creditors Under VAT Laws.
December 17, 2019
Case Laws VAT and Sales Tax HC
Priority of the charge - statutory charge in favour of the Sales Tax Department - if any Central Statute creates priority of a charge in favour of a secured creditor, the same will rank above the charge in favour of a State for a tax due under the Value Added Tax of the State.
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