Sale-to-purchase ratio threshold restricts auto-downloading of statutory forms; quarterly cumulative test applies and capital goods excluded. Auto downloading of statutory forms is disallowed where the sale to purchase ratio, including stock transfers and local transactions, falls below 45%; entitlement is reassessed on a cumulative quarterly basis until the threshold is met. The purchase of capital goods is excluded from the ratio, the facility applies only to eligible dealers, and downloads are further subject to checks that items are allowed on the record certificate, the dealer is not cancelled, and there is no adverse material on record.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Sale-to-purchase ratio threshold restricts auto-downloading of statutory forms; quarterly cumulative test applies and capital goods excluded.
Auto downloading of statutory forms is disallowed where the sale to purchase ratio, including stock transfers and local transactions, falls below 45%; entitlement is reassessed on a cumulative quarterly basis until the threshold is met. The purchase of capital goods is excluded from the ratio, the facility applies only to eligible dealers, and downloads are further subject to checks that items are allowed on the record certificate, the dealer is not cancelled, and there is no adverse material on record.
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