In the case where the nature of the goods are changed even the marginal scheme under Section 11(1) of the Act will not be available and the second-hand dealer will also have to pay tax on the Purchase of second-hand goods under Section 9(4) under the Reverse Charge and then he will...
In the 1970s the US faced a serious shock to the supply of oil but the shortage of oil was caused by price controls. Today, California is facing a serious water drought but the shortage of water is caused by price controls, subsidies and the lack of water markets. In an excellent colum...