https://www.taxtmi.com/caselaws?id=363801 The levy rice procurement price was fixed as inclusive of all taxes, and the costing sheet showed that the tax element was already embedded in the procurement price. On that basis, an exempt rice miller could not separately demand recovery of the deducted tax component from the buyer, because any tax collected by an exempt dealer would not be retainable and would attract unjust enrichment principles. The High Court distinguished authority dealing with a seller-fixed price, since here the buyer had fixed the price and tax was built into it. The challenge failed and the petitions were rejected. en-us Thu, 12 Jul 2018 00:00:00 +0530 Wed, 18 Jul 2018 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363801 The levy rice procurement price was fixed as inclusive of all taxes, and the costing sheet showed that the tax element was already embedded in the procurement price. On that basis, an exempt rice miller could not separately demand recovery of the deducted tax component from the buyer, because any tax collected by an exempt dealer would not be retainable and would attract unjust enrichment principles. The High Court distinguished authority dealing with a seller-fixed price, since here the buyer had fixed the price and tax was built into it. The challenge failed and the petitions were rejected. Case-Laws VAT and Sales Tax Thu, 12 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363801