https://www.taxtmi.com/caselaws?id=155395 New industrial units remained liable to tax on sales or purchases under the Kerala General Sales Tax Act even though a Government notification granted only partial exemption on their finished products. The exemption affected the computation of tax payable, not the underlying taxable character of the sale, and did not convert a taxable transaction into a non-taxable one. Because the finished products continued to be liable to tax in law, the first proviso to section 5(3) was not attracted to deny the concessional rate on industrial raw materials, component parts, or packing materials used in manufacture for sale inside the State. The units were therefore entitled to the concessional rate. en-us Mon, 01 Feb 1988 00:00:00 +0530 Wed, 04 Sep 2013 11:10:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155395 New industrial units remained liable to tax on sales or purchases under the Kerala General Sales Tax Act even though a Government notification granted only partial exemption on their finished products. The exemption affected the computation of tax payable, not the underlying taxable character of the sale, and did not convert a taxable transaction into a non-taxable one. Because the finished products continued to be liable to tax in law, the first proviso to section 5(3) was not attracted to deny the concessional rate on industrial raw materials, component parts, or packing materials used in manufacture for sale inside the State. The units were therefore entitled to the concessional rate. Case-Laws VAT and Sales Tax Mon, 01 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155395