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VAT - Highlights / Catch Notes

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Interpretation of statute - term ‘gross turnover’ as contained ...


Court Confirms Export Sales Exclusion from "Gross Turnover" for Gem Sector Under Composition Scheme 2006.

June 7, 2023

Case Laws     VAT and Sales Tax     HC

Interpretation of statute - term ‘gross turnover’ as contained in the Composition Scheme 2006 - Composition Scheme for Gem and Stones, 2006 - the assessee was rightly excluding the export sales form the gross turnover and was accordingly paying composition amount on gross turnover of local sales. - HC

 

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