https://www.taxtmi.com/caselaws?id=357400 Ice-cream could not be treated as cooked food for entry into the compounding scheme under the Kerala Value Added Tax Act, 2003 because a specifically enumerated commodity must be classified under its specific statutory entry, not by broad common-parlance notions. The earlier compounding permission was therefore open to revision as it rested on an erroneous view of eligibility. However, the regular assessments also had to be redone on fair terms: the assessee was to be allowed to produce invoices, receive eligible input tax credit and credit for tax already paid, and face only the interest directions specified by the Court. No penalty was leviable, and fresh assessment was ordered. en-us Mon, 05 Mar 2018 00:00:00 +0530 Wed, 26 Dec 2018 13:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357400 Ice-cream could not be treated as cooked food for entry into the compounding scheme under the Kerala Value Added Tax Act, 2003 because a specifically enumerated commodity must be classified under its specific statutory entry, not by broad common-parlance notions. The earlier compounding permission was therefore open to revision as it rested on an erroneous view of eligibility. However, the regular assessments also had to be redone on fair terms: the assessee was to be allowed to produce invoices, receive eligible input tax credit and credit for tax already paid, and face only the interest directions specified by the Court. No penalty was leviable, and fresh assessment was ordered. Case-Laws VAT and Sales Tax Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357400