https://www.taxtmi.com/caselaws?id=165983 For section 5(2) of the Kerala General Sales Tax Act, inter-dealer transfers between co-owned brand name holders within the same group are ignored, because the statutory object is to tax the genuine wholesale price when branded goods are first introduced into the market; the sale by the brand owner that actually places the goods in the market is treated as the deemed first sale. Under rule 32(13B) of the Kerala General Sales Tax Rules, credit and set-off are available only to the extent the assessee proves that tax was collected and remitted by the first sellers. The revision was dismissed on the principal issue, while limited set-off relief remained available on proof. en-us Tue, 21 Jun 2011 00:00:00 +0530 Mon, 15 Sep 2014 08:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165983 For section 5(2) of the Kerala General Sales Tax Act, inter-dealer transfers between co-owned brand name holders within the same group are ignored, because the statutory object is to tax the genuine wholesale price when branded goods are first introduced into the market; the sale by the brand owner that actually places the goods in the market is treated as the deemed first sale. Under rule 32(13B) of the Kerala General Sales Tax Rules, credit and set-off are available only to the extent the assessee proves that tax was collected and remitted by the first sellers. The revision was dismissed on the principal issue, while limited set-off relief remained available on proof. Case-Laws VAT and Sales Tax Tue, 21 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165983