https://www.taxtmi.com/caselaws?id=768773 The HP HC dismissed the appeal challenging VAT levy at 13.75% instead of claimed 5% rate. The court held that petitioner's manufactured goods (mechanical bodies, pre-fab shelters, sheet metal parts) did not qualify as capital goods under Schedule A Part-II-A, thus correctly taxable at 13.75% under Part-III residuary entry. The petitioner had described goods as "sheet metal parts" in VAT-XXVI-A forms while claiming specialized capital goods status, constituting concealment and false information. The court upheld additional VAT demand of 8.75% differential for 2012-13 and 2013-14, along with penalty, finding authorities correctly interpreted statutory provisions. en-us Tue, 08 Apr 2025 00:00:00 +0530 Mon, 14 Apr 2025 08:36:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768773 The HP HC dismissed the appeal challenging VAT levy at 13.75% instead of claimed 5% rate. The court held that petitioner's manufactured goods (mechanical bodies, pre-fab shelters, sheet metal parts) did not qualify as capital goods under Schedule A Part-II-A, thus correctly taxable at 13.75% under Part-III residuary entry. The petitioner had described goods as "sheet metal parts" in VAT-XXVI-A forms while claiming specialized capital goods status, constituting concealment and false information. The court upheld additional VAT demand of 8.75% differential for 2012-13 and 2013-14, along with penalty, finding authorities correctly interpreted statutory provisions. Case-Laws VAT / Sales Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768773