Court Rules "Facility Charge" for Gas Sales Subject to VAT, Not Central Excise; Clarifies Taxable Events Difference.

Court Rules "Facility Charge" for Gas Sales Subject to VAT, Not Central Excise; Clarifies Taxable Events Difference. https://www.taxtmi.com/highlights?id=49460 Taxable event in case of ‘Central Excise’ and ‘Sales Tax’ is different. While ‘manufacture’ is the event in case of Central Excise; the taxable event in the case of VAT is ‘sale’. - The “Facility Charge” levied by the petitioner company is towards consideration of sale of gases and is exigible to value added tax - HC en-us Thu, 26 Sep 2019 06:58:03 +0530 Thu, 26 Sep 2019 06:58:03 +0530 TaxTMI RSS Generator Court Rules "Facility Charge" for Gas Sales Subject to VAT, Not Central Excise; Clarifies Taxable Events Difference. https://www.taxtmi.com/highlights?id=49460 Taxable event in case of ‘Central Excise’ and ‘Sales Tax’ is different. While ‘manufacture’ is the event in case of Central Excise; the taxable event in the case of VAT is ‘sale’. - The “Facility Charge” levied by the petitioner company is towards consideration of sale of gases and is exigible to value added tax - HC Highlights VAT and Sales Tax Thu, 26 Sep 2019 06:58:03 +0530 https://www.taxtmi.com/highlights?id=49460