https://www.taxtmi.com/caselaws?id=247375 The composition scheme under Section 6 of the U.P. Value Added Tax Act, 2008 was treated as a statutory yearly arrangement under which tax is accepted on an agreed basis for the relevant financial year. The second proviso to Section 6(1) was read as operating independently and not restricting the State Government's power to revise the compounded rate under the scheme. The enhancement of the compounded tax rate from 2% to 4% was treated as prospective, so applicants had no enforceable claim to the earlier rate for periods after the amendment. The challenge based on arbitrariness, discrimination, and promissory estoppel was rejected. en-us Mon, 06 Aug 2012 00:00:00 +0530 Thu, 17 Jul 2014 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247375 The composition scheme under Section 6 of the U.P. Value Added Tax Act, 2008 was treated as a statutory yearly arrangement under which tax is accepted on an agreed basis for the relevant financial year. The second proviso to Section 6(1) was read as operating independently and not restricting the State Government's power to revise the compounded rate under the scheme. The enhancement of the compounded tax rate from 2% to 4% was treated as prospective, so applicants had no enforceable claim to the earlier rate for periods after the amendment. The challenge based on arbitrariness, discrimination, and promissory estoppel was rejected. Case-Laws VAT and Sales Tax Mon, 06 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247375