https://www.taxtmi.com/highlights?id=14075 Whether sale of DEPB license constitute business and liable to VAT / Sales Tax - Held yes - By use of the expression “any transaction in connection with the business“, one can hold that the Act itself does not contemplate the frequency or regularity or continuity of the transactions, as has been done in the substantive part in sub clause (1) of sub section (d) of Section 2 of the Act. - HC en-us Sat, 24 Aug 2013 08:19:17 +0530 Sat, 24 Aug 2013 08:19:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=14075 Whether sale of DEPB license constitute business and liable to VAT / Sales Tax - Held yes - By use of the expression “any transaction in connection with the business“, one can hold that the Act itself does not contemplate the frequency or regularity or continuity of the transactions, as has been done in the substantive part in sub clause (1) of sub section (d) of Section 2 of the Act. - HC Highlights VAT and Sales Tax Sat, 24 Aug 2013 08:19:17 +0530 https://www.taxtmi.com/highlights?id=14075