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VAT - Highlights / Catch Notes

Home Highlights March 2013 Year 2013 This

Validity of tax invoice - sale of trade mark - It is not one of ...


Court Rules Tax Invoice for Trademark Sale Valid; No Penalty for 4% Tax Collection and Deposit.

March 16, 2013

Case Laws     VAT and Sales Tax     HC

Validity of tax invoice - sale of trade mark - It is not one of the goods for which composition money is to be paid and in fact, the petitioner had realized tax @ 4% and deposited - Thus, the petitioner was entitled to issue tax invoices - no penal action - HC

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