https://www.taxtmi.com/caselaws?id=144073 Section 21(4) of the Bombay Sales Tax Act, 1953 was construed broadly to permit forfeiture where a registered dealer collected any amount by way of tax in excess of the tax payable for the year. The tax payable was the annual liability assessed on turnover of sales, not the tax on each transaction. On that basis, collections made on transactions that were not sales could be included in the aggregate to determine whether the dealer had collected more than was lawfully payable. The provision was applied to prevent retention of amounts collected without a corresponding tax liability, and the forfeiture was held valid. en-us Fri, 27 Nov 1964 00:00:00 +0530 Fri, 19 Apr 2013 11:16:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=144073 Section 21(4) of the Bombay Sales Tax Act, 1953 was construed broadly to permit forfeiture where a registered dealer collected any amount by way of tax in excess of the tax payable for the year. The tax payable was the annual liability assessed on turnover of sales, not the tax on each transaction. On that basis, collections made on transactions that were not sales could be included in the aggregate to determine whether the dealer had collected more than was lawfully payable. The provision was applied to prevent retention of amounts collected without a corresponding tax liability, and the forfeiture was held valid. Case-Laws VAT and Sales Tax Fri, 27 Nov 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=144073