https://www.taxtmi.com/caselaws?id=371715 The High Court ruled in favor of the Revenue regarding the computation of compounded tax, stating that each branch should be considered independently for tax calculation. The Court determined that the highest tax payable should be based on the tax conceded in the returns or accounts, not on tax assessed or revised in appeal. Additionally, the inclusion of the purchase tax component under Section 5A of the KGST Act was mandated for the KGST period but excluded for the KVAT period. Concerning the additional sales tax under Section 5D, it should be included only if the assessee was not paying compounded tax. The Court directed the Assessing Officer to reassess accordingly, with costs borne by each party. en-us Thu, 29 Nov 2018 00:00:00 +0530 Mon, 10 Dec 2018 09:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371715 The High Court ruled in favor of the Revenue regarding the computation of compounded tax, stating that each branch should be considered independently for tax calculation. The Court determined that the highest tax payable should be based on the tax conceded in the returns or accounts, not on tax assessed or revised in appeal. Additionally, the inclusion of the purchase tax component under Section 5A of the KGST Act was mandated for the KGST period but excluded for the KVAT period. Concerning the additional sales tax under Section 5D, it should be included only if the assessee was not paying compounded tax. The Court directed the Assessing Officer to reassess accordingly, with costs borne by each party. Case-Laws VAT and Sales Tax Thu, 29 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371715