Section 59 Clarification Applies to All Dealers, Section 60 Ruling Only Binds Applicant in KVAT.

Section 59 Clarification Applies to All Dealers, Section 60 Ruling Only Binds Applicant in KVAT. https://www.taxtmi.com/highlights?id=22813 KVAT - The clarification issued u/s 59 is different from the clarification or advanced ruling given u/s 60. In the latter case, the ruling of the authority would be binding only on the applicant which seeks such clarification, whereas in the former case (u/s 59), it would be applicable to all registered dealers liable to pay tax. - HC en-us Mon, 04 May 2015 10:08:56 +0530 Mon, 04 May 2015 10:08:56 +0530 TaxTMI RSS Generator Section 59 Clarification Applies to All Dealers, Section 60 Ruling Only Binds Applicant in KVAT. https://www.taxtmi.com/highlights?id=22813 KVAT - The clarification issued u/s 59 is different from the clarification or advanced ruling given u/s 60. In the latter case, the ruling of the authority would be binding only on the applicant which seeks such clarification, whereas in the former case (u/s 59), it would be applicable to all registered dealers liable to pay tax. - HC Highlights VAT and Sales Tax Mon, 04 May 2015 10:08:56 +0530 https://www.taxtmi.com/highlights?id=22813