https://www.taxtmi.com/caselaws?id=362838 Under the Gujarat Value Added Tax Act, 2003, the composition scheme for bakery manufacture was held to apply to taxable turnover, not total turnover. The Court read the definitions of turnover of sales, total turnover and taxable turnover harmoniously with the notification rate of two per cent, and found that the scheme was intended to simplify tax only on the taxable component of sales, without indirectly burdening exempt goods. The later correction from "total turnover" to "taxable turnover" supported that legislative intent. The Tribunal's view that lump sum tax could be computed on total turnover was therefore unsustainable. en-us Fri, 15 Jun 2018 00:00:00 +0530 Tue, 19 Feb 2019 14:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362838 Under the Gujarat Value Added Tax Act, 2003, the composition scheme for bakery manufacture was held to apply to taxable turnover, not total turnover. The Court read the definitions of turnover of sales, total turnover and taxable turnover harmoniously with the notification rate of two per cent, and found that the scheme was intended to simplify tax only on the taxable component of sales, without indirectly burdening exempt goods. The later correction from "total turnover" to "taxable turnover" supported that legislative intent. The Tribunal's view that lump sum tax could be computed on total turnover was therefore unsustainable. Case-Laws VAT and Sales Tax Fri, 15 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362838