CTO ANTI EVASION CIRCLE III RAJASTHAN JAIPUR vs M/S PRASOON ENTERPRISES JAIPUR

The Supreme Court allowed the appeal against the Rajasthan High Court's order dated January 5, 2017, which had dismissed the appellant's revision petition. The Court examined the applicability of the Rajasthan Value Added Tax Act, 2003, specifically Section 83, regarding the VAT rate on mobile crane wire ropes. The Court held that the High Court was correct in affirming the Board's decision that the wire ropes are part of the mobile crane and thus subject to the VAT rate specified in Schedule IV, entry 155, rather than the residual entry in Schedule V, which imposes a higher rate.