https://www.taxtmi.com/caselaws?id=152368 Where an additional sales tax statute is amended during a financial year, liability may be computed separately for the pre-amendment and post-amendment periods if different statutory rates apply. The unamended Section 2(1)(a) governed turnover up to 31.07.1996, while the amended regime under Sections 2(1)(a) and 2(1)(aa) applied from 01.08.1996. The term "year" identified the relevant accounting period and did not bar bifurcation of turnover for rate purposes. Tax for the year therefore had to be recalculated by applying the correct provision to each period, subject to the post-amendment threshold where relevant. en-us Thu, 08 Jul 2010 00:00:00 +0530 Sat, 30 Jan 2016 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152368 Where an additional sales tax statute is amended during a financial year, liability may be computed separately for the pre-amendment and post-amendment periods if different statutory rates apply. The unamended Section 2(1)(a) governed turnover up to 31.07.1996, while the amended regime under Sections 2(1)(a) and 2(1)(aa) applied from 01.08.1996. The term "year" identified the relevant accounting period and did not bar bifurcation of turnover for rate purposes. Tax for the year therefore had to be recalculated by applying the correct provision to each period, subject to the post-amendment threshold where relevant. Case-Laws VAT and Sales Tax Thu, 08 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152368