https://www.taxtmi.com/caselaws?id=150151 The power to require security under sales tax registration provisions is a legitimate safeguard for levy and collection, but it must be exercised for good and sufficient reasons after estimating the dealer's turnover and keeping the demand linked to the tax payable under the statute. A cash security demand is not invalid merely because it is cash, especially where no alternative security is offered. However, the authority cannot exceed the statutory ceiling, and any demand above one half of the estimated annual tax liability is contrary to the governing provision and liable to be quashed to that extent. en-us Tue, 03 Aug 1971 00:00:00 +0530 Thu, 09 May 2013 14:22:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150151 The power to require security under sales tax registration provisions is a legitimate safeguard for levy and collection, but it must be exercised for good and sufficient reasons after estimating the dealer's turnover and keeping the demand linked to the tax payable under the statute. A cash security demand is not invalid merely because it is cash, especially where no alternative security is offered. However, the authority cannot exceed the statutory ceiling, and any demand above one half of the estimated annual tax liability is contrary to the governing provision and liable to be quashed to that extent. Case-Laws VAT and Sales Tax Tue, 03 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150151