1999 (12) TMI 714 - SC - VAT and Sales Tax

EXEMPTION CONDITION FOR ELIGIBILITY TO EXEMPTION ISSUE OF SERIALLY NUMBERED CASH/CREDIT MEMOS FOR SALES OF GOODS MANUFACTURED IN UNIT NO REQUIREMENT THAT SERIAL ISSUE SHOULD BE FOR ANY PARTICULAR PERIOD

Summary

The Supreme Court interpreted rule 3(66a) of the Bengal Sales Tax Rules, 1941. The court held that serially numbered cash/credit memos for sales of goods manufactured by the assessee did not need to be issued for a whole year, but could be issued monthly. The court allowed the appeal and set aside the previous order, granting the appellant the benefit.