https://www.taxtmi.com/highlights?id=40574 If after payment of quarterly tax the compounding application is rejected, necessarily, the assessee will have to file returns by producing the books of account. Therefore, payment of tax at compounded rate by itself cannot be a reason for concluding that there is a concluded contract between the parties. en-us Tue, 31 Jul 2018 07:50:36 +0530 Tue, 31 Jul 2018 07:50:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=40574 If after payment of quarterly tax the compounding application is rejected, necessarily, the assessee will have to file returns by producing the books of account. Therefore, payment of tax at compounded rate by itself cannot be a reason for concluding that there is a concluded contract between the parties. Highlights VAT and Sales Tax Tue, 31 Jul 2018 07:50:36 +0530 https://www.taxtmi.com/highlights?id=40574