https://www.taxtmi.com/caselaws?id=371527 A granted compounding permission for a continuing civil works contract under the Kerala General Sales Tax framework could not be displaced by a later revisiting of assessment for the same contract. The compounding scheme under Section 7(7) and Rule 30A applied contract-wise, so the benefit allowed in the first year could not be denied for the next year merely because regular assessment was later proposed. The earlier direction for regular assessment for 2001-2002 was left undisturbed, but turnover already assessed under the compounding scheme for the earlier years had to be deducted. The reassessment was therefore confined to the limited scope of the existing compounding arrangement. en-us Mon, 10 Sep 2018 00:00:00 +0530 Thu, 06 Dec 2018 05:33:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371527 A granted compounding permission for a continuing civil works contract under the Kerala General Sales Tax framework could not be displaced by a later revisiting of assessment for the same contract. The compounding scheme under Section 7(7) and Rule 30A applied contract-wise, so the benefit allowed in the first year could not be denied for the next year merely because regular assessment was later proposed. The earlier direction for regular assessment for 2001-2002 was left undisturbed, but turnover already assessed under the compounding scheme for the earlier years had to be deducted. The reassessment was therefore confined to the limited scope of the existing compounding arrangement. Case-Laws VAT and Sales Tax Mon, 10 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371527