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2017 (8) TMI 457 - HC - VAT and Sales TaxHire Purchase Agreement - sales tax payable on machineries - Held that: - the issue as to whether sales tax is 4% or 8% or as to whether the sale tax component is included in the 60 EMIs, boils down to arithmetics and mere reconciliation of accounts and numbers - The writ petitioner shall furnish a bank guarantee from a reputed bank favouring TIIC (making TIIC the beneficiary) for a sum of ₹ 17,00,000/-, within a fortnight from the date of receipt of a copy of this order - petition disposed off.
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