https://www.taxtmi.com/caselaws?id=154106 On discontinuance of business, section 15 of the Bombay Sales Tax Act, 1959 deems a dealer holding taxable goods purchased on certificate liable to purchase tax as if liable under section 14, but only for the statutory purpose of applying the relevant purchase tax rate. The text explains that the express rate of purchase tax is fixed independently in column 5 of entry 22 of Schedule E, while columns 3 and 4 concern sales tax and general sales tax. The deeming fiction cannot be extended to replace the specific purchase tax rate with the aggregate rate under section 14. The applicable rate on the stock was therefore 3 per cent, not 6 per cent. en-us Thu, 12 Apr 1984 00:00:00 +0530 Wed, 07 Aug 2013 17:27:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154106 On discontinuance of business, section 15 of the Bombay Sales Tax Act, 1959 deems a dealer holding taxable goods purchased on certificate liable to purchase tax as if liable under section 14, but only for the statutory purpose of applying the relevant purchase tax rate. The text explains that the express rate of purchase tax is fixed independently in column 5 of entry 22 of Schedule E, while columns 3 and 4 concern sales tax and general sales tax. The deeming fiction cannot be extended to replace the specific purchase tax rate with the aggregate rate under section 14. The applicable rate on the stock was therefore 3 per cent, not 6 per cent. Case-Laws VAT and Sales Tax Thu, 12 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154106