https://www.taxtmi.com/caselaws?id=274758 The court classified 'Potato Chips' as 'Processed Vegetables' under entry 107 of Schedule IV, subject to a 4% VAT rate, rejecting the Tax Board's classification under the Residuary Schedule V. It emphasized that 'Potato Chips' retain the characteristics of potatoes. The court criticized the Tax Board for disregarding evidence supporting the classification and deemed the differential tax, interest, and penalty imposed unjustified, as the petitioner had paid the correct 4% tax rate. The court ruled in favor of the petitioner, allowing the petitions with no costs awarded. en-us Fri, 31 Mar 2017 00:00:00 +0530 Mon, 05 Nov 2018 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274758 The court classified 'Potato Chips' as 'Processed Vegetables' under entry 107 of Schedule IV, subject to a 4% VAT rate, rejecting the Tax Board's classification under the Residuary Schedule V. It emphasized that 'Potato Chips' retain the characteristics of potatoes. The court criticized the Tax Board for disregarding evidence supporting the classification and deemed the differential tax, interest, and penalty imposed unjustified, as the petitioner had paid the correct 4% tax rate. The court ruled in favor of the petitioner, allowing the petitions with no costs awarded. Case-Laws VAT and Sales Tax Fri, 31 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274758