https://www.taxtmi.com/caselaws?id=157644 A levy on Schedule C goods under the Punjab General Sales Tax Act was treated as purchase tax, not consignment tax, because the taxable event remained the purchase of the goods and not their later transfer to branches outside the State. The branch transfer or consignment only determined when the deferred tax became payable at the prescribed purchase stage, including the last-dealer stage specified by section 5(3). The Court held that the levy did not fall within the exclusive parliamentary field under Entry 92B and was within the State Legislature's competence. Goodyear was distinguished and Hotel Balaji treated as controlling. en-us Wed, 20 Oct 1993 00:00:00 +0530 Tue, 08 Oct 2013 18:38:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157644 A levy on Schedule C goods under the Punjab General Sales Tax Act was treated as purchase tax, not consignment tax, because the taxable event remained the purchase of the goods and not their later transfer to branches outside the State. The branch transfer or consignment only determined when the deferred tax became payable at the prescribed purchase stage, including the last-dealer stage specified by section 5(3). The Court held that the levy did not fall within the exclusive parliamentary field under Entry 92B and was within the State Legislature's competence. Goodyear was distinguished and Hotel Balaji treated as controlling. Case-Laws VAT and Sales Tax Wed, 20 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157644