VAT provision gets upheld by high court
Posted on: 20/Jul/2013 6:13:06 PM
Few provisions of the Tamil Nadu VAT (Value Added Tax), as challenged by several product or goods dealers, are upheld by the madras high court. According to the authorities, few discounts were considered as turnovers and for these, the vendors were ineligible for claiming tax. This made the dealers feel aggrieved.
This was considered and a division bench containing Justices R.Banumathi and T.S.Sivagnanam concluded stating that these provisions cannot be cut down.
