Banks as "Sellers" in Vehicle Repossession: VAT and Sales Tax Implications Clarified; Notice Issuance Responsibility Highlighted.

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Full Text of the Document

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....Scope of the words “Seller” and “Dealer” - repossession of the vehicles and the sale of the repossessed vehicles by the banks / institutions - It is for the respondents now to issue an appropriate notice in case it does not agree with the contention of the petitioners.....