https://www.taxtmi.com/caselaws?id=263144 While computing the cumulative quantum of benefits under Rule 31AA of the Bombay Sales Tax Rules, 1959, the tax element was not required to be separately excluded through Rule 46A. Clause (e) of Rule 31AA refers to the amount of tax that would have been payable on sales of products manufactured in the eligible unit if the dealer did not hold the Certificate of Entitlement, and Rule 46A was relevant only to determine whether the invoice sale price actually included any tax component. On the facts found, the dealer's sale price contained no tax element because the sales were exempt. The Tribunal's view that no notional tax could be added to alter the CQB calculation was upheld, and the issue was answered against the dealer and in favour of the Revenue. en-us Tue, 11 Aug 2015 00:00:00 +0530 Thu, 27 Aug 2015 08:33:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263144 While computing the cumulative quantum of benefits under Rule 31AA of the Bombay Sales Tax Rules, 1959, the tax element was not required to be separately excluded through Rule 46A. Clause (e) of Rule 31AA refers to the amount of tax that would have been payable on sales of products manufactured in the eligible unit if the dealer did not hold the Certificate of Entitlement, and Rule 46A was relevant only to determine whether the invoice sale price actually included any tax component. On the facts found, the dealer's sale price contained no tax element because the sales were exempt. The Tribunal's view that no notional tax could be added to alter the CQB calculation was upheld, and the issue was answered against the dealer and in favour of the Revenue. Case-Laws VAT and Sales Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263144