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2018 (3) TMI 543 - HC - VAT and Sales TaxRejection of books of accounts - rejection on the ground that the assessee had filed to maintain stock books in respect of the raw material as well as products obtained at every stock of production - liability to tax - Held that: - The manufacturer liable to pay tax under the act is required to maintain stock books in respect of raw materials, as well as products obtained at every stage of production, unless exempted under the proviso. The maintenance of stock books would have a direct co-relation with the manufacturing process, as to maintain records of movement of raw material as well as finished products. The Tribunal has not specifically reversed the finding of first appellate authority in that regard. Though the Tribunal has come to the conclusion that proper movement of stock is not maintained, but there is no discussion in the order of tribunal specifying the process, as also the stages of production to record movement of stocks. Decided in favor of assessee.
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