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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> High Court of Delhi <br /><br /> Levy of VAT on the sale price of transaction yet to take place not sustainable in law<br /><br /> MANU/DE/2196/2015 - (04 Aug 2015)<br /><br /> </td> </tr> <tr> <td align="left" valign="top">Veer Service Station and Ors. v. GNCT of Delhi and Ors.</td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Delhi High Court struck down Explanation 2 to Section 2 (1) (zd) of the Delhi Value Added Tax (Fourth Amendment) Act, 2012 as being ultra vires the Constitution. The Petitioners, the Delhi Petrol Dealers Association, had contended that under Explanation 2 VAT could be levied on the price charged for a sale which was yet to take place. The Court took note of a Supreme Court ruling that the "law prohibits taxing of a transaction which is not a completed sale".</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Relevant : State of Rajasthan and Anr. vs. Rajasthan Chemists Association <manuid>MANU/SC/3304/2006</manuid> Moriroku UT India (P) Ltd. vs. State of U.P. and Ors. <manuid>MANU/SC/7350/2008</manuid> The Sales Tax Officer, Pilibhit vs. Budh Prakash Jai Prakash <manuid>MANU/SC/0119/1954</manuid></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : value added tax, delhi, sale, ultra vires</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>