https://www.taxtmi.com/caselaws?id=190039 A dealer who voluntarily elected the compounded tax scheme under Section 8(b) of the Kerala Value Added Tax Act was bound to continue that liability for the full assessment year once the option had been exercised and accepted. Subsequent interruption of business caused by a prohibitory order did not permit the dealer to resile from the statutory obligation or shift back to normal assessment under Section 6. The text also notes that, despite the continued tax liability, limited equitable relief may be granted on payment timing, including temporary suspension of recovery where hardship is shown. en-us Tue, 22 Dec 2015 00:00:00 +0530 Thu, 02 Feb 2017 12:11:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190039 A dealer who voluntarily elected the compounded tax scheme under Section 8(b) of the Kerala Value Added Tax Act was bound to continue that liability for the full assessment year once the option had been exercised and accepted. Subsequent interruption of business caused by a prohibitory order did not permit the dealer to resile from the statutory obligation or shift back to normal assessment under Section 6. The text also notes that, despite the continued tax liability, limited equitable relief may be granted on payment timing, including temporary suspension of recovery where hardship is shown. Case-Laws VAT and Sales Tax Tue, 22 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190039