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VAT - Highlights / Catch Notes

Home Highlights December 2019 Year 2019 This

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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