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VAT - Highlights / Catch Notes

Home Highlights September 2020 Year 2020 This

Concessional benefit of tax - purchase of High Speed Diesel - C ...


High Court and Supreme Court confirm concessional tax benefit on diesel applies to all compliant dealers, not just Ramco Cements.

September 11, 2020

Case Laws     VAT and Sales Tax     HC

Concessional benefit of tax - purchase of High Speed Diesel - C form - Upon enquiry with the Assessing Authorities, they have been informed that the benefit of the decision in M/s Ramco Cements Ltd can be extended only to those dealers that are party to the decision. This stand is unacceptable in so far as the decision of this Court as well as other High Courts, one of which has been confirmed by the Supreme Court, are decisions in rem, applicable to all dealers that seek benefit thereunder, of course, in accordance with law. - HC

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