https://www.taxtmi.com/caselaws?id=136045 Declared goods subject to single-point levy under section 14 and section 15(a) of the Central Sales Tax Act must be assessed by reference to the full chain of successive transactions, not by confining the enquiry to the assessment year alone. The phrase "last purchase in the State" cannot be restricted so as to tax unsold stock merely because it remained at year-end, since the relevant levy stage is the final purchase before export outside the State or use in manufacture. The contrary year-bound approach would permit multiple taxation and defeat the single-point levy scheme. On that basis, assessment based only on year-end unsold stock was improper. en-us Tue, 11 Aug 1964 00:00:00 +0530 Wed, 17 Apr 2013 16:13:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=136045 Declared goods subject to single-point levy under section 14 and section 15(a) of the Central Sales Tax Act must be assessed by reference to the full chain of successive transactions, not by confining the enquiry to the assessment year alone. The phrase "last purchase in the State" cannot be restricted so as to tax unsold stock merely because it remained at year-end, since the relevant levy stage is the final purchase before export outside the State or use in manufacture. The contrary year-bound approach would permit multiple taxation and defeat the single-point levy scheme. On that basis, assessment based only on year-end unsold stock was improper. Case-Laws VAT and Sales Tax Tue, 11 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=136045