https://www.taxtmi.com/caselaws?id=144107 Sales of stores, materials, old looms and machinery are taxable only when they are effected in the course of business; goods originally acquired for manufacturing use, later sold because they are old or unserviceable, do not become business stock merely by volume, frequency, or collection of sales tax, so those sales were not taxable. Cotton waste, being a manufacturing by-product and not raw cotton, does not fall in the specific entry for raw cotton and instead falls in the residuary entry, making it taxable there. Purchases of raw materials and consumable stores for use in manufacturing salable goods are made in the course of business and attract purchase tax. en-us Tue, 05 Oct 1965 00:00:00 +0530 Fri, 19 Apr 2013 16:08:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=144107 Sales of stores, materials, old looms and machinery are taxable only when they are effected in the course of business; goods originally acquired for manufacturing use, later sold because they are old or unserviceable, do not become business stock merely by volume, frequency, or collection of sales tax, so those sales were not taxable. Cotton waste, being a manufacturing by-product and not raw cotton, does not fall in the specific entry for raw cotton and instead falls in the residuary entry, making it taxable there. Purchases of raw materials and consumable stores for use in manufacturing salable goods are made in the course of business and attract purchase tax. Case-Laws VAT and Sales Tax Tue, 05 Oct 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=144107