From today Duplex manufacturer started charging VAT @ 4% in place of 12.5% (in Uttar Pradesh)as in the past.
It is very confusing decision as if they follow the decision of Khanna Paper Agency’s appeal (which was decided on 03-06-09) then till now why they are charging 12.5%?
If commercial tax department raise demand against this difference of tax then who will be liable for tax as well as for interest & penalty? Manufacturer or Dealer or Converter?
It is very confusing decision as if they follow the decision of Khanna Paper Agency’s appeal (which was decided on 03-06-09) then till now why they are charging 12.5%?
If commercial tax department raise demand against this difference of tax then who will be liable for tax as well as for interest & penalty? Manufacturer or Dealer or Converter?
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apart from this the entry tax that the dept. is imposing on purchase prior to vat. Is it legitimate?