Credit Available On Advance Tax Paid For Stock-Transfer: Kerala High Court
The Kerala High Court has allowed a writ petition filed by Hillwood Furniture Pvt. Ltd., a company registered under the Kerala Value Added Tax Act, 2003 (KVAT Act), challenging an order passed by the Assistant Commissioner of Special Circle-II, Commercial Taxes (first respondent). Case Background Hillwood Furniture Pvt. Ltd. (petitioner), a registered dealer under the KVAT Act, imports Pincoda Timber from the Far East through Ports at Tuticorin, Mangalore, or…
