https://www.taxtmi.com/caselaws?id=150721 Sales tax recovered by a dealer from customers formed part of the sale consideration and was a trading receipt, not a trust amount held for the State. Under the U.P. Sales Tax Act, the dealer remained liable for the tax, and in a cash system of accounting only the tax actually paid to the Government was deductible. Any surplus left in the sales tax account after payment of the tax constituted taxable income of the assessee, so the collection retained was brought to tax in favour of the Revenue. en-us Fri, 04 May 1973 00:00:00 +0530 Tue, 21 May 2013 17:52:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150721 Sales tax recovered by a dealer from customers formed part of the sale consideration and was a trading receipt, not a trust amount held for the State. Under the U.P. Sales Tax Act, the dealer remained liable for the tax, and in a cash system of accounting only the tax actually paid to the Government was deductible. Any surplus left in the sales tax account after payment of the tax constituted taxable income of the assessee, so the collection retained was brought to tax in favour of the Revenue. Case-Laws VAT and Sales Tax Fri, 04 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150721