https://www.taxtmi.com/caselaws?id=212590 A dealer crossing the turnover limit and moving from the concessional scheme under section 6(5) to normal taxation under section 6(1) must follow rule 12(7) by filing the prescribed application, stock inventory and supporting statements, and rule 12(8) requires an assessing authority order before input-tax credit is allowed. The credit entitlement is not automatic on changeover, though delay by the authority does not itself defeat credit for returns filed after a proper application. For continued payment under section 6(5) after ineligibility, section 22(7) is the specific penalty provision, while section 67 is only general and does not govern where the default is expressly covered elsewhere. en-us Mon, 14 Mar 2011 00:00:00 +0530 Wed, 01 Oct 2014 16:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212590 A dealer crossing the turnover limit and moving from the concessional scheme under section 6(5) to normal taxation under section 6(1) must follow rule 12(7) by filing the prescribed application, stock inventory and supporting statements, and rule 12(8) requires an assessing authority order before input-tax credit is allowed. The credit entitlement is not automatic on changeover, though delay by the authority does not itself defeat credit for returns filed after a proper application. For continued payment under section 6(5) after ineligibility, section 22(7) is the specific penalty provision, while section 67 is only general and does not govern where the default is expressly covered elsewhere. Case-Laws VAT and Sales Tax Mon, 14 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212590