https://www.taxtmi.com/caselaws?id=166565 Dealers who paid Karnataka sales tax on stock acquired during the transitional period remained entitled to exemption from Central sales tax under the notification issued under the Central Sales Tax Act. Section 18 of the Karnataka Value Added Tax Act, 2003 governed only transitional relief on stock in hand and did not override or reduce the separate exemption granted by the Central sales tax notification. The later amendment and omission of rule 166, including sub-rule (5A), could not retrospectively remove that exemption or deny the benefit because transitional relief under the KVAT regime was available. The revisional order refusing the exemption was therefore unsustainable. en-us Thu, 07 Apr 2011 00:00:00 +0530 Wed, 08 Oct 2014 15:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166565 Dealers who paid Karnataka sales tax on stock acquired during the transitional period remained entitled to exemption from Central sales tax under the notification issued under the Central Sales Tax Act. Section 18 of the Karnataka Value Added Tax Act, 2003 governed only transitional relief on stock in hand and did not override or reduce the separate exemption granted by the Central sales tax notification. The later amendment and omission of rule 166, including sub-rule (5A), could not retrospectively remove that exemption or deny the benefit because transitional relief under the KVAT regime was available. The revisional order refusing the exemption was therefore unsustainable. Case-Laws VAT and Sales Tax Thu, 07 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166565