https://www.taxtmi.com/caselaws?id=128657 A licence-based sales tax exemption applied only to transactions carried out in accordance with the licence after it came into force, so pre-licence turnover remained taxable. The maintained accounts could support treating the assessee as a pakka arhatia, because the transactions were recorded as purchases from sellers and sales to buyers on the assessee's own account. On that basis, a commission agent in substance could be treated as a dealer liable to sales tax on taxable turnover, while the licence fee regime did not convert earlier taxable transactions into exempt ones or justify any additional licence fee absent deficiency. en-us Tue, 07 May 1963 00:00:00 +0530 Tue, 09 Apr 2013 18:03:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128657 A licence-based sales tax exemption applied only to transactions carried out in accordance with the licence after it came into force, so pre-licence turnover remained taxable. The maintained accounts could support treating the assessee as a pakka arhatia, because the transactions were recorded as purchases from sellers and sales to buyers on the assessee's own account. On that basis, a commission agent in substance could be treated as a dealer liable to sales tax on taxable turnover, while the licence fee regime did not convert earlier taxable transactions into exempt ones or justify any additional licence fee absent deficiency. Case-Laws VAT and Sales Tax Tue, 07 May 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128657