https://www.taxtmi.com/caselaws?id=287879 The Kerala High Court held that once an assessee opts to pay tax at a compounded rate under Section 7 of the Kerala General Sales Tax Act, they are bound by the provisions of Section 7 without the ability to select among different options. The court clarified that the liability to pay tax at a compounded rate is determined based on the turnover, and the assessing authority can demand any unpaid balance even based on audit findings. The court rejected claims of misrepresentation and affirmed the statutory obligation of the assessee to pay tax at the compounded rate, upholding the Tribunal's decision and dismissing the revisions. en-us Mon, 23 Jan 2017 00:00:00 +0530 Thu, 07 May 2020 09:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=287879 The Kerala High Court held that once an assessee opts to pay tax at a compounded rate under Section 7 of the Kerala General Sales Tax Act, they are bound by the provisions of Section 7 without the ability to select among different options. The court clarified that the liability to pay tax at a compounded rate is determined based on the turnover, and the assessing authority can demand any unpaid balance even based on audit findings. The court rejected claims of misrepresentation and affirmed the statutory obligation of the assessee to pay tax at the compounded rate, upholding the Tribunal's decision and dismissing the revisions. Case-Laws GST Mon, 23 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=287879