https://www.taxtmi.com/caselaws?id=430575 Emulsified bitumen was treated as falling within the existing VAT entry rather than as an unclassified commodity, because the Court applied its earlier binding precedent on the same commodity classification issue. On that basis, the higher rate of tax was rejected and the lower rate under Entry 16, Schedule 2, Part II of the Madhya Pradesh VAT Act was applied. The governing principle stated is that once a commodity classification has been settled by precedent, the same classification must be applied consistently for sales tax and VAT levy. en-us Thu, 25 Aug 2022 00:00:00 +0530 Wed, 29 Mar 2023 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430575 Emulsified bitumen was treated as falling within the existing VAT entry rather than as an unclassified commodity, because the Court applied its earlier binding precedent on the same commodity classification issue. On that basis, the higher rate of tax was rejected and the lower rate under Entry 16, Schedule 2, Part II of the Madhya Pradesh VAT Act was applied. The governing principle stated is that once a commodity classification has been settled by precedent, the same classification must be applied consistently for sales tax and VAT levy. Case-Laws VAT and Sales Tax Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430575