https://www.taxtmi.com/caselaws?id=188732 A dealer under the Kerala Value Added Tax regime who crosses the presumptive-tax turnover ceiling must follow the prescribed changeover procedure, including filing Form No.25A with stock and purchase details, before input tax credit can be quantified and allowed. The later proviso to section 6(5) and section 25C do not dispense with that statutory requirement, so the credit claim must be examined by the assessing authority on the required materials. Failure to intimate the turnover crossing and switch to regular tax is treated as a substantive default, and section 22(7) imposes mandatory penalty where tax paid is found short of tax finally payable. en-us Fri, 23 Jan 2015 00:00:00 +0530 Wed, 14 Dec 2016 16:19:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188732 A dealer under the Kerala Value Added Tax regime who crosses the presumptive-tax turnover ceiling must follow the prescribed changeover procedure, including filing Form No.25A with stock and purchase details, before input tax credit can be quantified and allowed. The later proviso to section 6(5) and section 25C do not dispense with that statutory requirement, so the credit claim must be examined by the assessing authority on the required materials. Failure to intimate the turnover crossing and switch to regular tax is treated as a substantive default, and section 22(7) imposes mandatory penalty where tax paid is found short of tax finally payable. Case-Laws VAT and Sales Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188732