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


Actionable claims

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

  1. Indirect Tax
  2. Vat

About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 11 years. He also provides Accounts Tax GST Training in Delhi and Pune.