Supreme Court clarifies Entry Tax set-off for Oil Companies in Bihar: Indian Oil Corporation vs. State of Bihar (2017)

/ Bihar Tax on Entry of Goods Act, 1993, Bihar Value Added Tax Act, 2005, Constitutional Law, Constitutional Law with Article 14, Judges, R.F. Nariman, Sanjay Kishan Kaul, Tax Law, Tax Law with Section 3(2)

LEGAL ISSUE: Whether oil companies are eligible for a set-off of Value Added Tax (VAT) against Entry Tax paid on petroleum products when the VAT is levied at the point of sale by other oil marketing companies (OMCs). CASE TYPE: Tax Law Case Name: Indian Oil Corporation Limited vs. State of Bihar & Anr. Judgment […]

Supreme Court clarifies Entry Tax set-off for Oil Companies in Bihar: Indian Oil Corporation vs. State of Bihar (2017) Read Post »