In a significant legal development, the Hon’ble Patna High Court recently delivered a ruling with far-reaching implications for businesses engaged in inter-state trade. The case, PCM Cement Concrete Pvt. Ltd. v. The Union of India [Civil Writ No. 10444 of 2012 dated July 28, 2023], dealt with a critical aspect of VAT applicability on goods sold across state boundaries. The court’s decision addresses the concept of VAT exemption on inter-state sale of goods, highlighting the confusion that can arise in misclassifying transactions as intra-state when they are indeed inter-state sales.
Source: taxguru.in
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