https://www.taxtmi.com/caselaws?id=163235 A surety furnished under the Andhra Pradesh General Sales Tax Act and Rules is not a perpetual liability for later years. Reading section 12(7), rule 28(8), Form D clause (19) and rule 28(14) together, the security remains in force while registration continues, but its operation is referable to the specific assessment year for which it was undertaken. The rules also allow adjustment of security towards tax dues and demand of fresh or additional security, confirming that the surety does not extend indefinitely to subsequent years' arrears. en-us Tue, 20 Mar 2007 00:00:00 +0530 Thu, 27 Mar 2014 11:51:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163235 A surety furnished under the Andhra Pradesh General Sales Tax Act and Rules is not a perpetual liability for later years. Reading section 12(7), rule 28(8), Form D clause (19) and rule 28(14) together, the security remains in force while registration continues, but its operation is referable to the specific assessment year for which it was undertaken. The rules also allow adjustment of security towards tax dues and demand of fresh or additional security, confirming that the surety does not extend indefinitely to subsequent years' arrears. Case-Laws VAT and Sales Tax Tue, 20 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163235