https://www.taxtmi.com/caselaws?id=256234 Compounded tax under section 8(f)(i) of the Kerala Value Added Tax Act is computed on annual turnover, and the provision does not allow a dealer to split the business into branches to reduce that base. Explanation 3 only confirms liability for branches existing in the relevant year; it does not permit exclusion of the turnover of a branch closed on the last day of the previous financial year. A special adjustment in Explanation 8 applied only for 2010-11 and had no application to later years. On that basis, the turnover of the closed branch could not be excluded for 2012-13. en-us Mon, 22 Jul 2013 00:00:00 +0530 Mon, 12 Jan 2015 12:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256234 Compounded tax under section 8(f)(i) of the Kerala Value Added Tax Act is computed on annual turnover, and the provision does not allow a dealer to split the business into branches to reduce that base. Explanation 3 only confirms liability for branches existing in the relevant year; it does not permit exclusion of the turnover of a branch closed on the last day of the previous financial year. A special adjustment in Explanation 8 applied only for 2010-11 and had no application to later years. On that basis, the turnover of the closed branch could not be excluded for 2012-13. Case-Laws VAT and Sales Tax Mon, 22 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256234