https://www.taxtmi.com/caselaws?id=156245 A procurement agent that acquires title in declared foodgrains and effects the first sale after procurement for consideration is liable to sales tax under the Karnataka Sales Tax Act's special charging scheme. The sale is treated as a taxable transaction by the assessee, not a mere transfer on behalf of a non-taxable principal. A claimed exemption cannot be derived from a schedule entry or departmental circular unless supported by a valid exemption under section 8A. On the stated facts, the disputed turnover was taxable and the assessee was required to collect and pay sales tax. en-us Wed, 19 Sep 1990 00:00:00 +0530 Mon, 16 Sep 2013 18:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156245 A procurement agent that acquires title in declared foodgrains and effects the first sale after procurement for consideration is liable to sales tax under the Karnataka Sales Tax Act's special charging scheme. The sale is treated as a taxable transaction by the assessee, not a mere transfer on behalf of a non-taxable principal. A claimed exemption cannot be derived from a schedule entry or departmental circular unless supported by a valid exemption under section 8A. On the stated facts, the disputed turnover was taxable and the assessee was required to collect and pay sales tax. Case-Laws VAT and Sales Tax Wed, 19 Sep 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156245