https://www.taxtmi.com/caselaws?id=165791 Where turnover crosses the prescribed limit during the year, the assessee ceases to be assessed at the compounded rate and becomes entitled to input tax credit from the beginning of the year, according to the Commissioner's circular. The circular was treated as binding on the assessing authority, so the assessment required reconsideration in line with that clarification. Because the rectification petition lacked particulars on the month in which the limit was crossed, the assessee was directed to supply the turnover details for proper re-determination. en-us Thu, 22 Apr 2010 00:00:00 +0530 Fri, 06 Apr 2018 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165791 Where turnover crosses the prescribed limit during the year, the assessee ceases to be assessed at the compounded rate and becomes entitled to input tax credit from the beginning of the year, according to the Commissioner's circular. The circular was treated as binding on the assessing authority, so the assessment required reconsideration in line with that clarification. Because the rectification petition lacked particulars on the month in which the limit was crossed, the assessee was directed to supply the turnover details for proper re-determination. Case-Laws VAT and Sales Tax Thu, 22 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165791