State government has the power to impose
tax on sale or purchase of goods other
than newspapers, subject to the provisions of
entry 92A* of Union List.
What are Goods?
Goods include materials, articles, commodities and all kind of movable property.
However it does not include
Stocks /shares and securities
Both tangible and intangible goods (like softwares) covered.
Immoveable property not covered.
Plant and machinery erected at site is not goods as it is an immoveable property