https://www.taxtmi.com/caselaws?id=165319 Additional sales tax liability for assessment year 1996-97 under the Tamil Nadu Additional Sales Tax Act, 1970 could be computed by bifurcating the financial year, because the unamended section 2(1)(a) applied up to 31 July 1996 and the amended sections 2(1)(a) and 2(1)(aa) applied thereafter. For the first period, the taxable turnover had to be assessed under the pre-amendment slab structure after deducting the first ten lakhs. For the later period, the amended regime applied, but liability under that regime arose only if the full-year taxable turnover crossed one hundred crores. A uniform two per cent levy on the entire annual turnover was unsustainable. en-us Thu, 08 Jul 2010 00:00:00 +0530 Sat, 04 Oct 2014 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165319 Additional sales tax liability for assessment year 1996-97 under the Tamil Nadu Additional Sales Tax Act, 1970 could be computed by bifurcating the financial year, because the unamended section 2(1)(a) applied up to 31 July 1996 and the amended sections 2(1)(a) and 2(1)(aa) applied thereafter. For the first period, the taxable turnover had to be assessed under the pre-amendment slab structure after deducting the first ten lakhs. For the later period, the amended regime applied, but liability under that regime arose only if the full-year taxable turnover crossed one hundred crores. A uniform two per cent levy on the entire annual turnover was unsustainable. Case-Laws VAT and Sales Tax Thu, 08 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165319