https://www.taxtmi.com/caselaws?id=163330 For compounding tax under section 8(f) of the Kerala Value Added Tax Act, Explanation I applies to both sub-sections (i) and (ii). A dealer who has carried on business for two full years out of the three preceding financial years, and for any period in the remaining year, falls under section 8(f)(i); the highest tax for those years is then worked out by grossing up the turnover and tax for the partial year. Section 8(f)(ii) applies only when the dealer is not eligible under sub-section (i), such as where the requisite prior-year business period is absent. On that basis, the assessed jeweller was treated under section 8(f)(i). en-us Wed, 19 Sep 2007 00:00:00 +0530 Fri, 26 Dec 2014 09:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163330 For compounding tax under section 8(f) of the Kerala Value Added Tax Act, Explanation I applies to both sub-sections (i) and (ii). A dealer who has carried on business for two full years out of the three preceding financial years, and for any period in the remaining year, falls under section 8(f)(i); the highest tax for those years is then worked out by grossing up the turnover and tax for the partial year. Section 8(f)(ii) applies only when the dealer is not eligible under sub-section (i), such as where the requisite prior-year business period is absent. On that basis, the assessed jeweller was treated under section 8(f)(i). Case-Laws VAT and Sales Tax Wed, 19 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163330