https://www.taxtmi.com/caselaws?id=332146 Registration security furnished under Rule 28(8) is confined to the tax payable on the estimated turnover stated in the registration documents, and cannot be enlarged by a later best-judgment assessment. The surety bond is to be construed strictly, but it still secures the dealer's tax dues only within the contractual and statutory limit reflected in Form D. On the facts recorded, no reliable revised estimate was shown, so the surety's exposure was limited to the tax attributable to the declared turnover. Recovery against the surety was therefore sustainable only up to that limit, with the balance remaining recoverable from the dealer and other liable persons. en-us Tue, 23 Aug 2016 00:00:00 +0530 Thu, 30 Mar 2017 11:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332146 Registration security furnished under Rule 28(8) is confined to the tax payable on the estimated turnover stated in the registration documents, and cannot be enlarged by a later best-judgment assessment. The surety bond is to be construed strictly, but it still secures the dealer's tax dues only within the contractual and statutory limit reflected in Form D. On the facts recorded, no reliable revised estimate was shown, so the surety's exposure was limited to the tax attributable to the declared turnover. Recovery against the surety was therefore sustainable only up to that limit, with the balance remaining recoverable from the dealer and other liable persons. Case-Laws VAT and Sales Tax Tue, 23 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332146