amendment in notification of sales tax
Querist :
Anonymous
(Querist) 04 December 2009
This query is : Resolved
RESPECTED SIR
I have a query regarding sales tax. Assesse is registered dealer under M.P. Commercial Tax 1994 and consequently automatically registered in VAT act 2002 and deals in motor vehicle since date of registration. During the accounting period from 1-4-06 to 31-3-2007 dealer has sold second hand motor car duly tax paid(commercial tax)Assessee has purchased these vehicle after full rate of tax and shown as assets used in the business and consequently did not claimed input tax rebate on such purchase.As per entry no. 9 part iii assessee is liable for payment of tax @1.5% where as ACCT wrongly imposed tax @12.5%. In the first instant ld. ACCT imposed double taxation on tax paid purchase(sold during the year)_ and consequently also charged interest under sec 18(4)(a) and imposed penalty. are there any case laws/notification in sales tax act/vat in our support?kindly reply as quickly as possible
Gulshan Tanwar
(Expert) 14 January 2011
No one answered the query, pity!!! I am not having time these days will be back to LCI after sometime and then only can answer the same.
