1993 (3) TMI 315 - SCH - VAT and Sales Tax

Whether for the purchases and sales made by the respondent-assessee, was he liable to tax under the Kerala General Sales Tax Act, 1963? Held that - Appeal dismissed. Relying upon the exemption notification issued under section 10 of the Act the High Court came to the conclusion that the synthetic gems were exempt from the payment of tax under the Act.

Summary

The Supreme Court upheld the High Court's decision that synthetic gems purchased in Kerala and sold outside the state were exempt from tax under the Kerala General Sales Tax Act, 1963. The appeal was dismissed with no costs.