https://www.taxtmi.com/caselaws?id=162792 A dealer who voluntarily elected to pay tax under the compounded scheme under the Kerala General Sales Tax Act and obtained approval could not later withdraw that choice after the authority issued demand on the compounded basis. The Court treated the option as an alternative statutory mode of taxation that, once accepted and acted upon, bound the assessee for so long as the scheme remained operative. The later enhancement of the compounding rate for a subsequent year did not by itself permit resiling from the earlier election. The demand raised under the compounded rate was therefore held valid and binding. en-us Thu, 19 Jan 2006 00:00:00 +0530 Fri, 14 Mar 2014 12:50:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162792 A dealer who voluntarily elected to pay tax under the compounded scheme under the Kerala General Sales Tax Act and obtained approval could not later withdraw that choice after the authority issued demand on the compounded basis. The Court treated the option as an alternative statutory mode of taxation that, once accepted and acted upon, bound the assessee for so long as the scheme remained operative. The later enhancement of the compounding rate for a subsequent year did not by itself permit resiling from the earlier election. The demand raised under the compounded rate was therefore held valid and binding. Case-Laws VAT and Sales Tax Thu, 19 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162792