<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Court Upholds 70/30 Sales Estimation for SAIL&#039;s Canteen Due to Lack of Tax Documentation.</title>
    <link>https://www.taxtmi.com/highlights?id=68778</link>
    <description>Estimation of exempted turnover and taxable turnover - SAIL was unable to produce materials to show to what extent the canteen sales included sale of tax-free goods and first point tax paid goods - In the absence of SAIL producing records relevant to the issue, even in this Court, the estimation that 70% of the sales was of cooked food items and 30% of tea, coffee and snacks etc. cannot be said to be arbitrary. - HC</description>
    <language>en-us</language>
    <pubDate>Sat, 18 Mar 2023 08:27:58 +0530</pubDate>
    <lastBuildDate>Sat, 18 Mar 2023 08:27:58 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=707963" rel="self" type="application/rss+xml"/>
    <item>
      <title>Court Upholds 70/30 Sales Estimation for SAIL&#039;s Canteen Due to Lack of Tax Documentation.</title>
      <link>https://www.taxtmi.com/highlights?id=68778</link>
      <description>Estimation of exempted turnover and taxable turnover - SAIL was unable to produce materials to show to what extent the canteen sales included sale of tax-free goods and first point tax paid goods - In the absence of SAIL producing records relevant to the issue, even in this Court, the estimation that 70% of the sales was of cooked food items and 30% of tea, coffee and snacks etc. cannot be said to be arbitrary. - HC</description>
      <category>Highlights</category>
      <law>VAT and Sales Tax</law>
      <pubDate>Sat, 18 Mar 2023 08:27:58 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/highlights?id=68778</guid>
    </item>
  </channel>
</rss>