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2008 (3) TMI 454 - SC - VAT and Sales TaxWhether the assessee is entitled to deduction, from gross turnover, the purchase value of the raw material which the assessee bought from exempted units? Held that:- Appeal dismissed. It is important to note that rule 29(2) of the Rajasthan Sales Tax Rules, 1955 used the words "goods which had suffered tax at the rates prescribed under section 5". Therefore, section 5 of the Rajasthan Sales Tax Act, 1954 dealt with only the rate of tax. Therefore, section 5 of the Rajasthan Sales Tax Act, 1954 contemplated only rate fix- ation and not to the stage of taxation whereas in the present case, we are concerned with section 5(1A) of 1948 Act which refers to the stage at which the tax has to be levied, namely, first stage of sale.
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