https://www.taxtmi.com/highlights?id=47688 Reversal of ITC u/s 11(7) and (8) of the KVAT Act - the term 'subsidized price' used in the 2nd proviso to Section 11(3) will carry within it any sale made by the dealer at a subsidized price below the purchase value of such goods - not entitled to claim ITC over and above the output tax returned with respect to the goods sold at the reduced price en-us Thu, 04 Jul 2019 09:23:35 +0530 Thu, 04 Jul 2019 09:23:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=47688 Reversal of ITC u/s 11(7) and (8) of the KVAT Act - the term 'subsidized price' used in the 2nd proviso to Section 11(3) will carry within it any sale made by the dealer at a subsidized price below the purchase value of such goods - not entitled to claim ITC over and above the output tax returned with respect to the goods sold at the reduced price Highlights VAT and Sales Tax Thu, 04 Jul 2019 09:23:35 +0530 https://www.taxtmi.com/highlights?id=47688