https://www.taxtmi.com/caselaws?id=274275 A security bond executed in Form No. 6 under Rule 19 of the Kerala Value Added Tax Rules, 2005 was held to cover a dealer's liability that had already accrued before execution, because the bond language was clear and neither the Rule nor the form limited its reach to future defaults. Liability remained recoverable even though the default pre-dated the bond, and cancellation of registration did not change the bond's effect. The sureties could not resist recovery on the ground that the obligation arose earlier, and recovery from them was upheld. en-us Tue, 19 Dec 2017 00:00:00 +0530 Sat, 04 Aug 2018 08:25:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274275 A security bond executed in Form No. 6 under Rule 19 of the Kerala Value Added Tax Rules, 2005 was held to cover a dealer's liability that had already accrued before execution, because the bond language was clear and neither the Rule nor the form limited its reach to future defaults. Liability remained recoverable even though the default pre-dated the bond, and cancellation of registration did not change the bond's effect. The sureties could not resist recovery on the ground that the obligation arose earlier, and recovery from them was upheld. Case-Laws VAT and Sales Tax Tue, 19 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274275