https://www.taxtmi.com/caselaws?id=374506 A clarificatory amendment to the compounded tax computation under Section 7 of the Kerala General Sales Tax Act, 1963 was treated as applying to the entire financial year from its commencement, so the assessee could not confine the levy to only one component of the provision. The Court also rejected a belated request to exercise a fresh statutory option under Section 7, noting that the opportunity to resile from the earlier option had not been taken within time and that remand was impracticable after considerable delay. The writ petition therefore failed, and no relief was granted. en-us Tue, 29 Jan 2019 00:00:00 +0530 Sat, 02 Feb 2019 17:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374506 A clarificatory amendment to the compounded tax computation under Section 7 of the Kerala General Sales Tax Act, 1963 was treated as applying to the entire financial year from its commencement, so the assessee could not confine the levy to only one component of the provision. The Court also rejected a belated request to exercise a fresh statutory option under Section 7, noting that the opportunity to resile from the earlier option had not been taken within time and that remand was impracticable after considerable delay. The writ petition therefore failed, and no relief was granted. Case-Laws VAT and Sales Tax Tue, 29 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374506