https://www.taxtmi.com/caselaws?id=99247 An exemption from sales tax under section 5 of the Madras General Sales Tax Act, 1939 was available only if the licence holder complied with the Act, the rules and the licence conditions. Section 3 was the charging provision, while section 5 made exemption conditional upon the prescribed restrictions and conditions; section 13 and rule 5 reinforced the duty to maintain true accounts and follow the statutory scheme. The phrase "subject to" was construed as meaning conditional upon compliance. Breach of the statutory or licence conditions therefore destroyed the exemption, and the assessees remained liable to sales tax. en-us Tue, 29 Nov 1960 00:00:00 +0530 Mon, 09 Jun 2014 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99247 An exemption from sales tax under section 5 of the Madras General Sales Tax Act, 1939 was available only if the licence holder complied with the Act, the rules and the licence conditions. Section 3 was the charging provision, while section 5 made exemption conditional upon the prescribed restrictions and conditions; section 13 and rule 5 reinforced the duty to maintain true accounts and follow the statutory scheme. The phrase "subject to" was construed as meaning conditional upon compliance. Breach of the statutory or licence conditions therefore destroyed the exemption, and the assessees remained liable to sales tax. Case-Laws VAT and Sales Tax Tue, 29 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99247