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    <title>Treatment of subsidy on LPG in sale price and VAT</title>
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    <description>The State subsidy for domestic LPG shall be deducted from the basic price and the reduced price shall be treated as the sale price for VAT; oil companies shall adjust the subsidy amount against VAT payable on domestic LPG sales, and any resulting difference will not be treated as tax deficiency because the subsidy will be credited to the Department by the Food &amp; Supplies Department.</description>
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      <title>Treatment of subsidy on LPG in sale price and VAT</title>
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      <description>The State subsidy for domestic LPG shall be deducted from the basic price and the reduced price shall be treated as the sale price for VAT; oil companies shall adjust the subsidy amount against VAT payable on domestic LPG sales, and any resulting difference will not be treated as tax deficiency because the subsidy will be credited to the Department by the Food &amp; Supplies Department.</description>
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      <pubDate>Sat, 07 Jun 2008 00:00:00 +0530</pubDate>
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