https://www.taxtmi.com/caselaws?id=254881 Presumptive tax under the Kerala VAT scheme was unavailable where the dealer's preceding-year turnover exceeded the prescribed limit and the sale activity fell within a statutory exclusion, so assessment under the regular provision remained valid. The retrospective amendment to the concessional scheme and its validation provision were also sustained because they altered only eligibility for concession, not the tax rate on the commodity. The constitutional challenge under freedom of trade, equality, and non-discrimination grounds failed, as the classification was found reasonable and revenue-protective. en-us Wed, 22 Aug 2012 00:00:00 +0530 Fri, 02 Jan 2015 15:46:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254881 Presumptive tax under the Kerala VAT scheme was unavailable where the dealer's preceding-year turnover exceeded the prescribed limit and the sale activity fell within a statutory exclusion, so assessment under the regular provision remained valid. The retrospective amendment to the concessional scheme and its validation provision were also sustained because they altered only eligibility for concession, not the tax rate on the commodity. The constitutional challenge under freedom of trade, equality, and non-discrimination grounds failed, as the classification was found reasonable and revenue-protective. Case-Laws VAT and Sales Tax Wed, 22 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254881