https://www.taxtmi.com/caselaws?id=164218 A casual trader under the sales tax regime must be engaged in occasional business transactions; a solitary non-business purchase does not attract the special two-year limitation for assessment. Exemption from entry tax based on personal use depended on compliance with the prescribed declaration requirement, and where Form ET-1 was neither issued nor furnished, the exemption claim failed on the facts. The applicable tax rate had to be fixed by the notification in force on the date of purchase, so the vehicle was liable to be assessed at 4% rather than 12%, with consequential interest and penalty to follow accordingly. en-us Mon, 05 Jan 2009 00:00:00 +0530 Fri, 21 Nov 2014 10:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164218 A casual trader under the sales tax regime must be engaged in occasional business transactions; a solitary non-business purchase does not attract the special two-year limitation for assessment. Exemption from entry tax based on personal use depended on compliance with the prescribed declaration requirement, and where Form ET-1 was neither issued nor furnished, the exemption claim failed on the facts. The applicable tax rate had to be fixed by the notification in force on the date of purchase, so the vehicle was liable to be assessed at 4% rather than 12%, with consequential interest and penalty to follow accordingly. Case-Laws VAT and Sales Tax Mon, 05 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164218