https://www.taxtmi.com/caselaws?id=266648 The amended composition scheme under Section 7D of the U.P. Trade Tax Act was given retrospective effect from 28.10.2003, and once the assessee exercised that option, the regular assessment mechanism ceased to govern the relevant period. Interest could not be levied on the additional 2% composition amount for the period before the amendment took effect because the enhanced liability had not yet arisen, and the circular did not separately provide for such interest. The result was that interest was held not leviable for the pre-28.10.2003 period. en-us Mon, 31 Aug 2015 00:00:00 +0530 Thu, 22 Oct 2015 16:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266648 The amended composition scheme under Section 7D of the U.P. Trade Tax Act was given retrospective effect from 28.10.2003, and once the assessee exercised that option, the regular assessment mechanism ceased to govern the relevant period. Interest could not be levied on the additional 2% composition amount for the period before the amendment took effect because the enhanced liability had not yet arisen, and the circular did not separately provide for such interest. The result was that interest was held not leviable for the pre-28.10.2003 period. Case-Laws VAT and Sales Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266648