Clarification: "Holding of stock" in statute refers to running stock, not turnover, affecting VAT and Sales Tax rules.

Clarification: "Holding of stock" in statute refers to running stock, not turnover, affecting VAT and Sales Tax rules. https://www.taxtmi.com/highlights?id=44949 Interpretation of statute - holding of stock - scope of the word “held” - the holding of stock, as found in the provision, can only be running stock and not the turnover in any event. en-us Wed, 06 Mar 2019 07:50:38 +0530 Wed, 06 Mar 2019 07:50:38 +0530 TaxTMI RSS Generator Clarification: "Holding of stock" in statute refers to running stock, not turnover, affecting VAT and Sales Tax rules. https://www.taxtmi.com/highlights?id=44949 Interpretation of statute - holding of stock - scope of the word “held” - the holding of stock, as found in the provision, can only be running stock and not the turnover in any event. Highlights VAT and Sales Tax Wed, 06 Mar 2019 07:50:38 +0530 https://www.taxtmi.com/highlights?id=44949