Wednesday 28 May 2014

Non-disclosure of value and tax separately in invoice would result in calculation of VAT on total in

CST & VAT: Where assessee, a registered dealer under Karnataka Value Added Tax Act, 2003, had purchased cigarettes, etc. from local registered dealers and sold same to local buyers and in invoice/bill issued it had not mentioned value of goods and amount of tax separately and in bottom of invoice a seal was put saying that tax was collected at rate of 12.5 per cent, assessee was not entitled to benefit of deduction of tax from total value mentioned in invoice


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