https://www.taxtmi.com/caselaws?id=250947 Section 3(4) of the Tamil Nadu Value Added Tax Act, 2006 makes compounded assessment available to a dealer effecting second and subsequent sales within the State where the taxable turnover for the relevant year, and the turnover of the previous year, remain within the statutory limit. The provision does not create any disqualification based on inter-State purchases made in earlier assessment years. The decisive factors are the taxable turnover for the current year and the immediately preceding year, not prior inter-State purchases. Accordingly, a dealer meeting the turnover conditions cannot be denied the compounded rate merely because of such earlier purchases, subject to satisfaction of the remaining statutory requirements. en-us Fri, 25 Nov 2011 00:00:00 +0530 Sat, 30 Aug 2014 13:30:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250947 Section 3(4) of the Tamil Nadu Value Added Tax Act, 2006 makes compounded assessment available to a dealer effecting second and subsequent sales within the State where the taxable turnover for the relevant year, and the turnover of the previous year, remain within the statutory limit. The provision does not create any disqualification based on inter-State purchases made in earlier assessment years. The decisive factors are the taxable turnover for the current year and the immediately preceding year, not prior inter-State purchases. Accordingly, a dealer meeting the turnover conditions cannot be denied the compounded rate merely because of such earlier purchases, subject to satisfaction of the remaining statutory requirements. Case-Laws VAT and Sales Tax Fri, 25 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250947