https://www.taxtmi.com/caselaws?id=270716 A retrospective amendment introducing CST registration as a disqualification for the concessional compounded tax option could not defeat an option already exercised for 2005-06, because surrender of registration was not practically possible within that year; the denial of the concessional rate and penalty for that year were unsustainable. For 2006-07, dealers who still held CST registration at the relevant commencement date were ineligible under the amended provision, and refusal of the concessional compounded rate was upheld. The ruling distinguishes between an option validly exercised before the amendment's practical effect and subsequent years where the amended condition had to be satisfied. en-us Thu, 29 Oct 2015 00:00:00 +0530 Thu, 14 Jan 2016 11:51:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270716 A retrospective amendment introducing CST registration as a disqualification for the concessional compounded tax option could not defeat an option already exercised for 2005-06, because surrender of registration was not practically possible within that year; the denial of the concessional rate and penalty for that year were unsustainable. For 2006-07, dealers who still held CST registration at the relevant commencement date were ineligible under the amended provision, and refusal of the concessional compounded rate was upheld. The ruling distinguishes between an option validly exercised before the amendment's practical effect and subsequent years where the amended condition had to be satisfied. Case-Laws VAT and Sales Tax Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270716