https://www.taxtmi.com/forum/issue?id=106904 Transfers of import licenses or scrips obtained under the foreign trade policy, when sold in the open market, create an indirect tax liability and are subject to VAT or CST as applicable; the taxability and applicable rate should be confirmed against the relevant VAT tax schedule. en-us Fri, 13 Jun 2014 13:25:38 +0530 Thu, 23 Jan 2025 15:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106904 Transfers of import licenses or scrips obtained under the foreign trade policy, when sold in the open market, create an indirect tax liability and are subject to VAT or CST as applicable; the taxability and applicable rate should be confirmed against the relevant VAT tax schedule. Discussion-Forum VAT / Sales Tax Fri, 13 Jun 2014 13:25:38 +0530 https://www.taxtmi.com/forum/issue?id=106904