https://www.taxtmi.com/highlights?id=25620 Back to Back transactions - The shipping vessel places an enquiry for required quantity of HSD with the Petitioner - Petitioner in turn places a back to back purchase order/nomination of the same quantity on any of the Oil Marketing Companies - After the delivery of the HSD to the nominated vessel is complete, the Petitioner raises an invoice on the shipping line, based on the BDN - Provisions of MVAT are applicable - HC en-us Fri, 30 Oct 2015 08:30:09 +0530 Fri, 30 Oct 2015 08:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=25620 Back to Back transactions - The shipping vessel places an enquiry for required quantity of HSD with the Petitioner - Petitioner in turn places a back to back purchase order/nomination of the same quantity on any of the Oil Marketing Companies - After the delivery of the HSD to the nominated vessel is complete, the Petitioner raises an invoice on the shipping line, based on the BDN - Provisions of MVAT are applicable - HC Highlights VAT and Sales Tax Fri, 30 Oct 2015 08:30:09 +0530 https://www.taxtmi.com/highlights?id=25620