Companies in compounding schemes can't escape obligations by citing zero turnover or production during the relevant period. https://www.taxtmi.com/highlights?id=18108 The company once exercise its option under compounding scheme cannot be permitted to turn around and resile from its liability mere on the ground that it had no turn over or had not produced during the said period - HC en-us Wed, 09 Apr 2014 15:01:16 +0530 Wed, 09 Apr 2014 15:01:16 +0530 TaxTMI RSS Generator Companies in compounding schemes can't escape obligations by citing zero turnover or production during the relevant period. https://www.taxtmi.com/highlights?id=18108 The company once exercise its option under compounding scheme cannot be permitted to turn around and resile from its liability mere on the ground that it had no turn over or had not produced during the said period - HC Highlights VAT and Sales Tax Wed, 09 Apr 2014 15:01:16 +0530 https://www.taxtmi.com/highlights?id=18108