https://www.taxtmi.com/caselaws?id=330618 Section 17(2) of the Kerala Value Added Tax Act permits the registering authority to demand security at the time of registration on an estimated turnover, but the estimate must be based on relevant factual material. A security demand founded only on the turnover of another concern was vulnerable where the dealer produced subsequent return material bearing on the tax liability. That additional material had to be considered before fixing the quantum of security, and the demand was therefore premature and set aside for reconsideration. en-us Tue, 19 Jul 2016 00:00:00 +0530 Mon, 01 Aug 2016 16:12:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330618 Section 17(2) of the Kerala Value Added Tax Act permits the registering authority to demand security at the time of registration on an estimated turnover, but the estimate must be based on relevant factual material. A security demand founded only on the turnover of another concern was vulnerable where the dealer produced subsequent return material bearing on the tax liability. That additional material had to be considered before fixing the quantum of security, and the demand was therefore premature and set aside for reconsideration. Case-Laws VAT and Sales Tax Tue, 19 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330618