Taxes VAT

VAT on goods only

VAT on goods only

Tribunal  Appeal No.528/2007

Description: A judgment was refered in which Supreme Court held that in order to bring to tax any transaction they must be goods.

Source: Trade and Taxes volume no 18. Part no.1 April 2011. Page no.171.

Our Comment: To levy VAT the transaction should be for transfer of goods

 

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