On 10th February 2022 in the case of Federal Inland Revenue Service Vs. Chi Limited, the Tax Appeal Tribunal held that stock in trade under Section 17 of the VAT Act cannot be equated with raw materials. A copy of the ruling is available below.
On 10th February 2022 in the case of Federal Inland Revenue Service Vs. Chi Limited, the Tax Appeal Tribunal held that stock in trade under Section 17 of the VAT Act cannot be equated with raw materials. A copy of the ruling is available below.