SAC waives off input tax credit against 2014 flood-hit traders

SAC waives off input tax credit against 2014 flood-hit traders
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Srinagar: State Administrative Council which met here on Wednesday under the chairmanship of Governor Satya Pal Malik approved waiving off demands raised by Commercial Taxes Deptt.

An official spokesperson said that the waiver has been given to 1573 flood-hit dealers by rejecting their input tax credit claim for stocks destroyed in 2014 floods.