VAT exemption for charitable institution sales, permitted only if the institution is denied input tax credit under the amended schedule. Amendment inserts a conditioned exemption in the Fifth Schedule permitting the named charitable mission to sell cassettes, CDs and laminated photographs prepared by it, provided that the mission shall not be entitled to claim input tax credit on purchases made by it.
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Provisions expressly mentioned in the judgment/order text.
VAT exemption for charitable institution sales, permitted only if the institution is denied input tax credit under the amended schedule.
Amendment inserts a conditioned exemption in the Fifth Schedule permitting the named charitable mission to sell cassettes, CDs and laminated photographs prepared by it, provided that the mission shall not be entitled to claim input tax credit on purchases made by it.
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