https://www.taxtmi.com/caselaws?id=145210 An exemption certificate issued under the Madhya Bharat sales tax scheme was held not to be confined to the turnover estimate stated in the certificate. The statutory scheme required advance payment of fee on estimated turnover, treated the Form V certificate as valid for the assessment year, and provided adjustment of any shortfall in the succeeding year. On that structure, the certificate covered the dealer's actual turnover for the year, including excess turnover beyond the estimate, and the excess was not taxable as such but attracted only the prescribed fee at four annas per cent. en-us Sat, 20 Aug 1966 00:00:00 +0530 Tue, 23 Apr 2013 11:53:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=145210 An exemption certificate issued under the Madhya Bharat sales tax scheme was held not to be confined to the turnover estimate stated in the certificate. The statutory scheme required advance payment of fee on estimated turnover, treated the Form V certificate as valid for the assessment year, and provided adjustment of any shortfall in the succeeding year. On that structure, the certificate covered the dealer's actual turnover for the year, including excess turnover beyond the estimate, and the excess was not taxable as such but attracted only the prescribed fee at four annas per cent. Case-Laws VAT and Sales Tax Sat, 20 Aug 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=145210