https://www.taxtmi.com/caselaws?id=220167 Security under the KVAT Act may be demanded only within the statutory ceiling of one-half of the tax payable on the estimated turnover, and additional security is permissible only if the earlier estimate is shown to be inadequate. The CST Act contains a similar framework, with the aggregate security demand controlled by the statutory ceiling in Section 7(3BB). The High Court found that the notice and cancellation order did not demonstrate proper application of these limits or the required statutory conditions before demanding additional security and cancelling registration. The demand and cancellation were therefore held invalid and set aside. en-us Fri, 04 Jan 2013 00:00:00 +0530 Wed, 09 Jul 2014 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220167 Security under the KVAT Act may be demanded only within the statutory ceiling of one-half of the tax payable on the estimated turnover, and additional security is permissible only if the earlier estimate is shown to be inadequate. The CST Act contains a similar framework, with the aggregate security demand controlled by the statutory ceiling in Section 7(3BB). The High Court found that the notice and cancellation order did not demonstrate proper application of these limits or the required statutory conditions before demanding additional security and cancelling registration. The demand and cancellation were therefore held invalid and set aside. Case-Laws VAT and Sales Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220167