Wednesday, 12 August 2015

Andhra Pradesh High Court lays down principles to determine levy of purchase tax on by-products

CST & VAT : Andhra Pradesh VAT - Where assessees purchased paddy, raw dhal, soyabean seed and raw cotton from agriculturists and produced therefrom rice, dhal, soyabean oil and cotton lint, respectively and also obtained by-products, which were exempt from tax, and Assessing Authority levied purchase tax on proportionate purchase price of goods, matter was to be sent back for examination afresh in light of position of law laid down in instant case

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