Thursday, May 28, 2020

No Purchase Tax can be levied If Turnover is less than Rs. 300 Crores per year: Madras HC [Read Judgment]

The High Court of Madras while quashing the orders of the respondent authority held that the levy of Purchase Tax under Section 12 of the Tamil Nadu Value-added Tax Act, 2006 is not attracted if the petitioner’s turnover was also below Rs. 300 Crores during the year. The petitioner, Sunrise Foods Private Limited is a […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3cgex3W

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