Sunday 25 March 2018

Copy of Bombay HC verdict upholding sales tax on return of kerosene post extraction


Copy of Bombay HC verdict upholding sales tax on return stream of kerosene after extraction of N-Paraffin under Bombay Sales Tax Act, albeit prospectively i.e. from date of order of Maharashtra Sales Tax Tribunal; Bombay HC refused to consider such return stream between Bharat Petroleum Corporation Ltd & Reliance Industries Ltd as “sales return” u/s 2(35), 2(36) of Bombay Sales Tax Act and Rule 4 of Bombay Sales Tax Rules, and instead, concurred with Tribunal that same would amount to 'purchase' transaction : Bombay HC

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Pre-GST taxes cannot be refunded if paid pursuant to an inquiry

  This is to update you about an important decision by Tribunal in the case of Filatex India Limited vs. CCE & ST , E A No. 10231 of ...