Buying for Resident TOT or VAT dealer is not liable for VAT, No credit for taxes paid by the agent
Description: A.R.Com/61/2008. Dated : 5-3-2011. Ref: 1) CCt’s Ref.No: PMT/P & L/A.R.Com/2005, Dated 13-4-05. While acting as a buying agent on behalf of Resident Principal, is not liable to pay any tax whether the resident principal is a TOT dealer or a VAT dealer. Therefore, the question of the […]
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