VAT
This query is : Resolved
Guest
Guest
(Querist)
14 December 2010
Dear All,
Whether any purchase from a territory which has a higher VAT and moving it to regions which has a lower vat and disposing them and realizing the difference can be termed as illegal or this is one of the lacuna of the system?
Can the state or the UT which has lost that portion of the revenue can make a claim on this?
Please provide case law in support of your contention.
Thanks & Regards,
Dibakar Ray
Whether any purchase from a territory which has a higher VAT and moving it to regions which has a lower vat and disposing them and realizing the difference can be termed as illegal or this is one of the lacuna of the system?
Can the state or the UT which has lost that portion of the revenue can make a claim on this?
Please provide case law in support of your contention.
Thanks & Regards,
Dibakar Ray
15 December 2010
Nothing illigal, VAT is state matter so it happens, and any body may be benifited by this system.
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