https://www.taxtmi.com/caselaws?id=163767 An assessee that continued collecting sales tax after receiving an exemption certificate could not retain the tax as part of its sale price for its own benefit. The court treated the later reliance on credit notes and debit notes as an afterthought and held that the device was sham and colourable, because the amounts collected as tax were not promptly refunded to customers or remitted to the State within the prescribed time. The Tribunal erred in accepting the subsequent accounting entries to defeat the demand, and the liability to remit the collected tax was upheld. en-us Tue, 26 Aug 2008 00:00:00 +0530 Sat, 29 Nov 2014 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163767 An assessee that continued collecting sales tax after receiving an exemption certificate could not retain the tax as part of its sale price for its own benefit. The court treated the later reliance on credit notes and debit notes as an afterthought and held that the device was sham and colourable, because the amounts collected as tax were not promptly refunded to customers or remitted to the State within the prescribed time. The Tribunal erred in accepting the subsequent accounting entries to defeat the demand, and the liability to remit the collected tax was upheld. Case-Laws VAT and Sales Tax Tue, 26 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163767