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    <title>u/s 12 TNVAT Act Purchase tax on raw leather</title>
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    <description>Purchase tax is payable on raw leather purchased from unregistered sellers; the assessing authority demanded tax on open market acquisitions and the purchaser cannot adjust that tax against output liability where the statutory time limit for claiming input tax credit has lapsed. Expert advice in the file confirms purchase tax liability for purchases from unregistered dealers.</description>
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      <link>https://www.taxtmi.com/forum/issue?id=109712</link>
      <description>Purchase tax is payable on raw leather purchased from unregistered sellers; the assessing authority demanded tax on open market acquisitions and the purchaser cannot adjust that tax against output liability where the statutory time limit for claiming input tax credit has lapsed. Expert advice in the file confirms purchase tax liability for purchases from unregistered dealers.</description>
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