Thursday, 6 March 2014

Mere issuance of C Form doesn’t constitute admission of subsisting liability to extend period of lim

CST & VAT : Issuance of Sales Tax Declaration Form (C Form under CST Act) neither constitutes acknowledgement of subsisting liability nor establishes jural relationship of a debtor and a creditor and, therefore, cannot be considered for extending period of limitation under section 18 of Limitation Act, 1963


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