https://www.taxtmi.com/caselaws?id=188732 The court upheld the penalty imposed on the dealer for failing to switch to regular tax rates and inform the authority when turnover exceeded Rs. 60 lakh, stating it was a violation of statutory provisions. Assessment orders for the years 2011-12 and 2012-13 were confirmed, rejecting the claim for input tax credit due to non-compliance with procedural requirements. The court remanded the matter to consider the dealer's entitlement to input tax credit under Section 25C within four months, potentially revising the penalty. Other legal arguments raised by the dealer were decided against them. 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 The court upheld the penalty imposed on the dealer for failing to switch to regular tax rates and inform the authority when turnover exceeded Rs. 60 lakh, stating it was a violation of statutory provisions. Assessment orders for the years 2011-12 and 2012-13 were confirmed, rejecting the claim for input tax credit due to non-compliance with procedural requirements. The court remanded the matter to consider the dealer's entitlement to input tax credit under Section 25C within four months, potentially revising the penalty. Other legal arguments raised by the dealer were decided against them. Case-Laws VAT and Sales Tax Fri, 23 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188732