https://www.taxtmi.com/caselaws?id=159445 Retrospective enhancement of sales tax on drugs, medicines, pesticides and insecticides was upheld as a valid exercise of legislative power. The Court held that mere retrospectivity does not invalidate a fiscal statute, and the levy was not shown to be confiscatory, discriminatory, or so unreasonable as to amount to a colourable exercise of power. The challenge based on freedom to carry on trade failed because tax liability is not unconstitutional merely because dealers cannot pass it on to purchasers. The short period of retrospectivity, marginal rate increase, and stated revenue-neutral justification were treated as sufficient to sustain the amendment. en-us Thu, 28 Aug 1997 00:00:00 +0530 Mon, 25 Nov 2013 16:01:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159445 Retrospective enhancement of sales tax on drugs, medicines, pesticides and insecticides was upheld as a valid exercise of legislative power. The Court held that mere retrospectivity does not invalidate a fiscal statute, and the levy was not shown to be confiscatory, discriminatory, or so unreasonable as to amount to a colourable exercise of power. The challenge based on freedom to carry on trade failed because tax liability is not unconstitutional merely because dealers cannot pass it on to purchasers. The short period of retrospectivity, marginal rate increase, and stated revenue-neutral justification were treated as sufficient to sustain the amendment. Case-Laws VAT and Sales Tax Thu, 28 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159445