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    <title>Notional calculation for sales exemption if Form C and Form IX submitted</title>
    <link>https://www.taxtmi.com/forum/issue?id=110632</link>
    <description>Assessee adjusted a notional tax benefit against tax on supplies and applied a concessional rate for registered purchasers; the department, noting absence of C form/Form IX, recomputed tax at full rate and reassessed. Forum replies state that the notional benefit is reduced on sale by applying the local or interstate concessional rate, but the concessional interstate rate is conditional on production of Form C under the CST framework and limitation periods should be examined.</description>
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    <pubDate>Wed, 13 Jul 2016 10:44:41 +0530</pubDate>
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      <title>Notional calculation for sales exemption if Form C and Form IX submitted</title>
      <link>https://www.taxtmi.com/forum/issue?id=110632</link>
      <description>Assessee adjusted a notional tax benefit against tax on supplies and applied a concessional rate for registered purchasers; the department, noting absence of C form/Form IX, recomputed tax at full rate and reassessed. Forum replies state that the notional benefit is reduced on sale by applying the local or interstate concessional rate, but the concessional interstate rate is conditional on production of Form C under the CST framework and limitation periods should be examined.</description>
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      <law>VAT / Sales Tax</law>
      <pubDate>Wed, 13 Jul 2016 10:44:41 +0530</pubDate>
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