Question ID : 35862

jawaharlal jain

MY CLIENT IS A OWNER OF GRANITE CRUSHER PAYING TAXES UNDER COMPOSITION SCHEME. HE HAS PURCHASED CAPITAL GOODS IN THE COURSE OF INTER STATE TRADE AND COMMERCE. SEC. 15 OF KVAT ACT DEBARRES PURCHASE OF GOODS AND NOT CAPITAL GOODS. THE A.O.HAS CANCELLED COMPOSITION AND LEVIED TAX ON T.O. ON THE BASIS OF CLARIFICATION ISSUED BY CCT. WHETHER A.O.IS RIGHT?

posted by CA. JAIN JAWAHAR LAL on Nov 3 2018 12:00AM