https://www.taxtmi.com/caselaws?id=245334 An assessee who voluntarily opted for compounded tax under the Kerala General Sales Tax Act, 1963 could not withdraw that election in the same assessment year and claim regular assessment under the normal charging provisions. The statutory scheme under Section 7(14) and Rule 30 was treated as an alternative mode of assessment that becomes binding once the dealer's application is accepted and acted upon. The Court held that the composition arrangement operated for the relevant year and could not be revoked merely because business later slowed or closed. The challenge to regular assessment therefore failed, and the assessee remained bound by the compounded rate for that year. en-us Thu, 12 Dec 2013 00:00:00 +0530 Fri, 24 Apr 2015 09:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245334 An assessee who voluntarily opted for compounded tax under the Kerala General Sales Tax Act, 1963 could not withdraw that election in the same assessment year and claim regular assessment under the normal charging provisions. The statutory scheme under Section 7(14) and Rule 30 was treated as an alternative mode of assessment that becomes binding once the dealer's application is accepted and acted upon. The Court held that the composition arrangement operated for the relevant year and could not be revoked merely because business later slowed or closed. The challenge to regular assessment therefore failed, and the assessee remained bound by the compounded rate for that year. Case-Laws VAT and Sales Tax Thu, 12 Dec 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245334