https://www.taxtmi.com/caselaws?id=174931 Entry 54 of List II permits taxation of a completed sale as understood under the Sale of Goods Act, 1930, and the tax measure must retain a real nexus with that taxable event. The Rajasthan Sales Tax Act, 1994 could not validly measure tax on first-point wholesale sales by reference to the maximum retail price printed for a later retail sale, because that future transaction was distinct from the taxable first sale and not the wholesaler's consideration. The provision was therefore unsustainable to that extent and was read down or struck down in part, with partial relief granted and no refund ordered for tax already collected. en-us Tue, 29 Mar 2005 00:00:00 +0530 Thu, 29 Oct 2015 10:33:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174931 Entry 54 of List II permits taxation of a completed sale as understood under the Sale of Goods Act, 1930, and the tax measure must retain a real nexus with that taxable event. The Rajasthan Sales Tax Act, 1994 could not validly measure tax on first-point wholesale sales by reference to the maximum retail price printed for a later retail sale, because that future transaction was distinct from the taxable first sale and not the wholesaler's consideration. The provision was therefore unsustainable to that extent and was read down or struck down in part, with partial relief granted and no refund ordered for tax already collected. Case-Laws VAT and Sales Tax Tue, 29 Mar 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174931