https://www.taxtmi.com/caselaws?id=161557 Section 7-D of the U.P. Trade Tax Act, 1948 provides an optional composition mechanism in lieu of tax, and the scheme remains subject to State Government directions. On that basis, a clause limiting composition benefits for goods received from outside U.P. to 5 per cent of contract value was treated as a valid condition of the concession, not an illegality. The scheme could lawfully distinguish between goods within the prescribed limit and goods above it, with regular assessment applying to the balance. The circular implementing that restriction was also upheld, as a dealer was free to accept the composition scheme or opt for regular assessment. en-us Thu, 09 Jan 2003 00:00:00 +0530 Fri, 31 Jan 2014 16:59:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161557 Section 7-D of the U.P. Trade Tax Act, 1948 provides an optional composition mechanism in lieu of tax, and the scheme remains subject to State Government directions. On that basis, a clause limiting composition benefits for goods received from outside U.P. to 5 per cent of contract value was treated as a valid condition of the concession, not an illegality. The scheme could lawfully distinguish between goods within the prescribed limit and goods above it, with regular assessment applying to the balance. The circular implementing that restriction was also upheld, as a dealer was free to accept the composition scheme or opt for regular assessment. Case-Laws VAT and Sales Tax Thu, 09 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161557