https://www.taxtmi.com/caselaws?id=372587 A dealer opting for composition under Section 4(7)(b) was bound by the scheme for the assessment period and could not resile midstream; the retrospective amendment raising the rate from 4% to 5% applied, so the earlier rate could not be claimed. The Court also held that composition tax is levied on the total amount received or receivable for execution of the works contract and does not permit tax on the VAT component itself; however, the assessing authority had to verify whether such tax-on-tax had actually been levied, and the matter was remitted for that limited examination. en-us Wed, 29 Aug 2018 00:00:00 +0530 Wed, 26 Dec 2018 10:38:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372587 A dealer opting for composition under Section 4(7)(b) was bound by the scheme for the assessment period and could not resile midstream; the retrospective amendment raising the rate from 4% to 5% applied, so the earlier rate could not be claimed. The Court also held that composition tax is levied on the total amount received or receivable for execution of the works contract and does not permit tax on the VAT component itself; however, the assessing authority had to verify whether such tax-on-tax had actually been levied, and the matter was remitted for that limited examination. Case-Laws VAT and Sales Tax Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372587