https://www.taxtmi.com/caselaws?id=167772 Section 8(f) of the Kerala Value Added Tax Act was treated as a self-contained optional compounding scheme for gold dealers, with tax computed on the dealer's branches existing in the relevant year and with future liability linked to tax paid in the previous year. The provision contained no express mechanism for proportionate reduction of compounded tax merely because one branch closed during the assessment year. Applying the strict construction of taxing statutes, the court noted that equitable considerations or implied words cannot be used to reduce a statutory tax liability. The dealer's claim for reduction on closure of the branch therefore failed. en-us Mon, 11 Mar 2013 00:00:00 +0530 Fri, 02 Jan 2015 14:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167772 Section 8(f) of the Kerala Value Added Tax Act was treated as a self-contained optional compounding scheme for gold dealers, with tax computed on the dealer's branches existing in the relevant year and with future liability linked to tax paid in the previous year. The provision contained no express mechanism for proportionate reduction of compounded tax merely because one branch closed during the assessment year. Applying the strict construction of taxing statutes, the court noted that equitable considerations or implied words cannot be used to reduce a statutory tax liability. The dealer's claim for reduction on closure of the branch therefore failed. Case-Laws VAT and Sales Tax Mon, 11 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167772