https://www.taxtmi.com/caselaws?id=218436 A year-wise composition option under section 5G of the Andhra Pradesh General Sales Tax Act, read with rule 6B, binds the dealer for the entire assessment year once the prescribed application is accepted and permission in Form L1 is granted. The dealer cannot unilaterally withdraw that election mid-year or switch to assessment under section 5F merely because the regular method appears more favourable. Cancellation is permitted only on the limited grounds provided by the scheme, and the assessee cannot combine two assessment methods for the same year. The result is that the composition election remains operative for the relevant year. en-us Fri, 06 Jan 2012 00:00:00 +0530 Thu, 25 Sep 2014 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218436 A year-wise composition option under section 5G of the Andhra Pradesh General Sales Tax Act, read with rule 6B, binds the dealer for the entire assessment year once the prescribed application is accepted and permission in Form L1 is granted. The dealer cannot unilaterally withdraw that election mid-year or switch to assessment under section 5F merely because the regular method appears more favourable. Cancellation is permitted only on the limited grounds provided by the scheme, and the assessee cannot combine two assessment methods for the same year. The result is that the composition election remains operative for the relevant year. Case-Laws VAT and Sales Tax Fri, 06 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218436