High Court Rules: Dealer Subsidies Excluded from Turnover in VAT Calculations Under KVAT Act, Section 2(iii) Explanation VII.

High Court Rules: Dealer Subsidies Excluded from Turnover in VAT Calculations Under KVAT Act, Section 2(iii) Explanation VII. https://www.taxtmi.com/highlights?id=36300 Valuation - subsidy - includibility - even in spite of the incorporation of Explanation VII to Section 2(Iii) of the KVAT Act, the legal position that subsidy received by dealers like the respondents herein cannot form part of their turn over remains unaltered - HC en-us Thu, 14 Sep 2017 07:39:03 +0530 Thu, 14 Sep 2017 07:39:03 +0530 TaxTMI RSS Generator High Court Rules: Dealer Subsidies Excluded from Turnover in VAT Calculations Under KVAT Act, Section 2(iii) Explanation VII. https://www.taxtmi.com/highlights?id=36300 Valuation - subsidy - includibility - even in spite of the incorporation of Explanation VII to Section 2(Iii) of the KVAT Act, the legal position that subsidy received by dealers like the respondents herein cannot form part of their turn over remains unaltered - HC Highlights VAT and Sales Tax Thu, 14 Sep 2017 07:39:03 +0530 https://www.taxtmi.com/highlights?id=36300