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TMI Blogeffect of Supreme court judgement in bansal steelX X X X Extracts X X X X X X X X Extracts X X X X ..... sir Hon. Supreme court in the case of bansal steel held that stainless steel wire is not covered by section 14 of the central sales tax act .Therefore it will not declaredgoods to get covered under section 15 of the central sales tax act .Whether dealers shall wait for executive clarifications from central/state government or start collecting full rate of tax as general goods. I am surpis ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed that nobody is discussing this serious issue. thanks regards adv. d b avhad - Reply By Pradeep Khatri - The Reply = Dear Sir, It's a Hon'ble Supreme Court's verdict and will have impact in 'rem'. No need to further discussions on this matter. - Reply By Dharmnath Avhad - The Reply = sir. I do not understand why there shall be no discussion on thjis topice. The supreme court judgme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nt in Bansal wires( I wrote Steel) will have far reaching impact. Dealer are lot confused as to wether they shall start collecting 12.5 o% on s s wires. What is the meaning of "rem". regrads d b avhad - Reply By Ram Avtar Singh - The Reply = GOVERNMENT OF NeT OF DELHt DEPARTMENT OF TRADE AND TAXES, (POUCY BRANCH) VYAPAR BHAWAN, I.P. ESTATE, NEW DELHI-110002 No.F.3(217)/P-II/V AT/Misc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ./201 01 Dated: Oct., 2011 CIRCULAR No.13 .OF 2011-12 In a case titled M/s Bansal Wire Industries Ltd. and Anr. Vs State of UP and Ors., Hon ble Supreme Court of India vide its judgment dated 26.04.2011 held that Stainless Steel Wire does not fall under the category of tools, alloy and special steels in entry No. (ix) and, therefore, does not fall under Iron and Ste ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... el as defined under section 14(iv) of the Central Sales Tax Act . Also, in the case of M/s Sharma Wire Industries, Commissioner, Value Added Tax, vide Order No. 41/CDVAT/2005 dated 20.10.2005 has determined that Steel Wire Ropes, Stainless Steel Ropes, Copper Wire Ropes and Copper Stay Wires are all taxable @ 12.5% as unscheduled goods u/s 4(1)(e) of the DVAT Act, 2004. In the above co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntext, it is hereby clarified that while determining taxability of such goods, the ratios of above referred judgment of Hon ble Supreme Court of India and above quoted determination order shall be applicable. This issues with the approval of the Commissioner, VAT. G. C. Lohani) VATO (Policy) 16 Oct, 2011 0.F.3(217)/P-II/vAT/MiSC'/20101 71S - Dated: Copy fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rwarded for information and necessary action to:- 1. PS to the Commissioner, VAT, Department of Trade and Taxes, GNCT of Delhi Vyapar Bhawan, I.P.Estate, New Delhi-02. 2. All Sp!.lAddUJoint Commissioners, Department of Trade and Taxes, GNCT of Delhi Vyapar Bhawan, I.P.Estate, New Delhi-02. 3. All VATOs/AVATOs Department of Trade and Taxes, GNCT of Delhi, Jyapar Bhawan, I.P.Estate, New Del ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hi-O2 4. AVATO(System), Department of Trade and Taxes, GNCT of Delhi, VyaparBhawan, I.P.Estate, New Delhi-02 for uploading the circular on the website of the department 5. Dy. Director (R S), Department of Trade and Taxes, GNCT of Delhi, Vyapar Bhawan, I.P.Estate, New Delhi-02. 6. The President, Sales Tax Bar Association (Regd.), IP.Estate, New Delhi. Guard File. Vyapar Bhawa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n,(Gcth~ VATO (Policy) - effect of Supreme court judgement in bansal steel - Query Started By: - Dharmnath Avhad Dated:- 23-9-2011 Value Added Tax - VAT-CST - Got 3 Replies - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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