https://www.taxtmi.com/caselaws?id=251996 The Court ruled in favor of the petitioner in a case concerning the non-inclusion of a "used-excavator" in the Registration Certificate. It clarified that regardless of being new or used, an excavator is subject to a 12.5% tax rate. The Court disagreed with treating the machinery as a capital asset, stating that sales tax applies to both capital assets and stock in trade. The judgment emphasized that inclusion in the Registration Certificate was unnecessary for the petitioner to conduct transactions and claim tax exemptions or concessions under the CST Act. en-us Wed, 18 Jun 2014 00:00:00 +0530 Tue, 07 Oct 2014 08:41:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251996 The Court ruled in favor of the petitioner in a case concerning the non-inclusion of a "used-excavator" in the Registration Certificate. It clarified that regardless of being new or used, an excavator is subject to a 12.5% tax rate. The Court disagreed with treating the machinery as a capital asset, stating that sales tax applies to both capital assets and stock in trade. The judgment emphasized that inclusion in the Registration Certificate was unnecessary for the petitioner to conduct transactions and claim tax exemptions or concessions under the CST Act. Case-Laws VAT and Sales Tax Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251996