https://www.taxtmi.com/caselaws?id=162035 Under section 7-D of the U. P. Trade Tax Act, a dealer who validly opts for composition and whose option is accepted remains bound by the agreed lump sum composition money. The liability arises from the accepted statutory composition arrangement, not from actual turnover, production, manufacture, or sales during the relevant period. The scheme operates as a special non obstante mechanism for simplified tax payment, and its terms negatived any reduction in composition money even where business was not commenced or no bricks were produced or sold. The settled position is that the composition amount is payable as agreed under the scheme. en-us Fri, 13 Jan 2006 00:00:00 +0530 Thu, 03 Jul 2025 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162035 Under section 7-D of the U. P. Trade Tax Act, a dealer who validly opts for composition and whose option is accepted remains bound by the agreed lump sum composition money. The liability arises from the accepted statutory composition arrangement, not from actual turnover, production, manufacture, or sales during the relevant period. The scheme operates as a special non obstante mechanism for simplified tax payment, and its terms negatived any reduction in composition money even where business was not commenced or no bricks were produced or sold. The settled position is that the composition amount is payable as agreed under the scheme. Case-Laws VAT / Sales Tax Fri, 13 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162035