Scope of clarification issued by the Revenue Department - To be ...

Revenue Department Clarifies VAT and Sales Tax Exemption Entries; Retrospective Clarification Aims to Resolve Classification Confusion.

July 6, 2023

Case Laws VAT and Sales Tax SC

Scope of clarification issued by the Revenue Department - To be retrospective or prospective - Applicability of Exemption Entry - Confusion between the two entries of classification / exemption - The clarification was issued in exercise of power conferred by the statute - What the clarification provided by the Commissioner does is to clear the meaning of the two entries which was already implicit but had given rise to a confusion. A clarification of this nature, therefore, is bound to be retrospective - SC

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Scope of clarification issued by the Revenue Department - To be ...

Revenue Department Clarifies VAT and Sales Tax Exemption Entries; Retrospective Clarification Aims to Resolve Classification Confusion.

July 6, 2023

Case Laws VAT and Sales Tax SC

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