https://www.taxtmi.com/caselaws?id=153939 A fiscal exemption under item 68 of the Second Schedule was construed according to its plain language: goods manufactured, processed or assembled by a small-scale industry were exempt for five years from the first sale made after registration as a small-scale industry, provided sales tax registration was valid. The text also notes that section 8 and a valid first-point notification fixed tax incidence at the first sale in the series, so sales by one registered dealer to another remained taxable where the notification so provided, including liquor and other alcoholic beverages. The result described is that the exemption applied on the stated terms, while inter-dealer sales remained exigible to tax. en-us Wed, 01 Dec 1982 00:00:00 +0530 Thu, 01 Aug 2013 17:52:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153939 A fiscal exemption under item 68 of the Second Schedule was construed according to its plain language: goods manufactured, processed or assembled by a small-scale industry were exempt for five years from the first sale made after registration as a small-scale industry, provided sales tax registration was valid. The text also notes that section 8 and a valid first-point notification fixed tax incidence at the first sale in the series, so sales by one registered dealer to another remained taxable where the notification so provided, including liquor and other alcoholic beverages. The result described is that the exemption applied on the stated terms, while inter-dealer sales remained exigible to tax. Case-Laws VAT and Sales Tax Wed, 01 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153939