https://www.taxtmi.com/caselaws?id=412203 Permission to pay tax at compounded rates under the Kerala Value Added Tax Act was cancelled after inspection disclosed undisclosed purchases and non-remittance of purchase tax. The cancellation was sustained under rule 11(6) of the Kerala Value Added Tax Rules because default in payment of tax under section 6(2) justified withdrawal of compounded-tax benefits, even though the assessee later remitted the compounding fee and revised the return. The consequent regular or best judgment assessment was also treated as maintainable, following earlier authority on cancellation of compounded tax permission for tax default. en-us Tue, 02 Mar 2021 00:00:00 +0530 Mon, 20 Sep 2021 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412203 Permission to pay tax at compounded rates under the Kerala Value Added Tax Act was cancelled after inspection disclosed undisclosed purchases and non-remittance of purchase tax. The cancellation was sustained under rule 11(6) of the Kerala Value Added Tax Rules because default in payment of tax under section 6(2) justified withdrawal of compounded-tax benefits, even though the assessee later remitted the compounding fee and revised the return. The consequent regular or best judgment assessment was also treated as maintainable, following earlier authority on cancellation of compounded tax permission for tax default. Case-Laws VAT and Sales Tax Tue, 02 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412203