https://www.taxtmi.com/article/detailed?id=5622 Challenge to a statutory scheme that diverts advance VAT collections into a separate Punjab VAT Refund Fund rather than the Consolidated Fund, with the Department of Excise and Taxation operating the Fund, refunds payable from it, and residual balances to be deposited as prescribed; the arrangement places control over tax receipts and refund disbursal with the executive, raising a constitutional question about legislative appropriation and oversight, and cites precedent invalidating a separate levy on similar grounds. en-us Tue, 20 May 2014 08:19:21 +0530 Tue, 20 May 2014 08:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5622 Challenge to a statutory scheme that diverts advance VAT collections into a separate Punjab VAT Refund Fund rather than the Consolidated Fund, with the Department of Excise and Taxation operating the Fund, refunds payable from it, and residual balances to be deposited as prescribed; the arrangement places control over tax receipts and refund disbursal with the executive, raising a constitutional question about legislative appropriation and oversight, and cites precedent invalidating a separate levy on similar grounds. Articles Value Added Tax - VAT and CST Tue, 20 May 2014 08:19:21 +0530 https://www.taxtmi.com/article/detailed?id=5622