https://www.taxtmi.com/caselaws?id=104442 The Explanation to Section 2(xxvi) of the Kerala General Sales Tax Act, as amended and made subject to Section 8, was construed together with the export deeming fiction in Section 8(b). On that scheme, goods held by agents outside the State did not avoid the tax point merely because they remained unsold on 31 March; the export clause fixed the stage immediately before export as the concluding purchase in the series. The Court accordingly treated the closing stock as having acquired the character of last purchase and held it exigible to tax, rejecting the contention that the 1988 amendment failed to produce that result. en-us Thu, 29 Jan 1998 00:00:00 +0530 Tue, 03 Sep 2013 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=104442 The Explanation to Section 2(xxvi) of the Kerala General Sales Tax Act, as amended and made subject to Section 8, was construed together with the export deeming fiction in Section 8(b). On that scheme, goods held by agents outside the State did not avoid the tax point merely because they remained unsold on 31 March; the export clause fixed the stage immediately before export as the concluding purchase in the series. The Court accordingly treated the closing stock as having acquired the character of last purchase and held it exigible to tax, rejecting the contention that the 1988 amendment failed to produce that result. Case-Laws VAT and Sales Tax Thu, 29 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=104442