https://www.taxtmi.com/caselaws?id=163769 Explanation 5 to section 8(f) of the Kerala Value Added Tax Act applies only where a dealer opens a new branch in the current year, so an already functioning branch cannot be treated as new merely because compounding is sought for it for the first time in a later year. Explanation 3, requiring compounding for all existing branches, indicates that the earlier branch-wise opt-out regime could not continue after 1 April 2008. A departmental circular framed for 2006-07 and inconsistent with the amended statute could not govern assessment for 2008-09, making the computation based on the circular and Explanation 5 unsustainable. en-us Wed, 15 Oct 2008 00:00:00 +0530 Tue, 25 Nov 2014 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163769 Explanation 5 to section 8(f) of the Kerala Value Added Tax Act applies only where a dealer opens a new branch in the current year, so an already functioning branch cannot be treated as new merely because compounding is sought for it for the first time in a later year. Explanation 3, requiring compounding for all existing branches, indicates that the earlier branch-wise opt-out regime could not continue after 1 April 2008. A departmental circular framed for 2006-07 and inconsistent with the amended statute could not govern assessment for 2008-09, making the computation based on the circular and Explanation 5 unsustainable. Case-Laws VAT and Sales Tax Wed, 15 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163769