https://www.taxtmi.com/caselaws?id=166006 An application for compounding under the Kerala General Sales Tax Act must be filed within the prescribed time so that tax can be paid at the compounded rate from the beginning of the assessment year. The delay cannot be condoned after the close of the relevant assessment year or after completion of regular assessment, because the compounding scheme cannot be invoked later without creating two assessments for the same year on different bases. The stated explanation for the delay was found unsatisfactory, particularly where the assessee had availed the corresponding compounding facility under another tax law for the same period. en-us Tue, 23 Aug 2011 00:00:00 +0530 Sat, 13 Sep 2014 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166006 An application for compounding under the Kerala General Sales Tax Act must be filed within the prescribed time so that tax can be paid at the compounded rate from the beginning of the assessment year. The delay cannot be condoned after the close of the relevant assessment year or after completion of regular assessment, because the compounding scheme cannot be invoked later without creating two assessments for the same year on different bases. The stated explanation for the delay was found unsatisfactory, particularly where the assessee had availed the corresponding compounding facility under another tax law for the same period. Case-Laws VAT and Sales Tax Tue, 23 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166006