- The Supreme Court of India dismissed the Karnataka VAT Department’s appeal and upheld the Karnataka High Court’s ruling.
- PepsiCo India’s processed White Oats (Quaker Oats) were held eligible for VAT exemption in Karnataka.
- A 2006 circular had clarified that White Oats were exempt as coarse grains.
- A later 2010 circular tried to deny the exemption for processed white oats and apply tax retroactively, but the court held the department was bound by its earlier clarification.
Source: lawbeat.in
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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