Tax experts said that companies were relying on VAT rulings and clearing cash dues to employees and suppliers before paying GST and the ruling will change this practice. "Businesses should be very cautious in understanding the distinction between the VAT position and the GST position as the consequences could be very severe. This decision states this aspect very clearly," said M S Mani, partner at Deloitte India.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News http://bit.ly/2Gw1bm0
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