https://www.taxtmi.com/caselaws?id=303940 The court held that the highest turnover tax payable as conceded in the return or accounts or the turnover tax paid for any of the previous consecutive three years should be the basis for calculating the compounded tax under Section 7(b) of the Kerala General Sales Tax Act. The Tribunal's interpretation, considering all three situations (return, accounts, and tax paid), was affirmed. The court applied literal construction and noscitur-a-sociis principles, emphasizing that "highest" refers to the highest among the verifiable figures. The matter was directed to the Division Bench for further proceedings based on this interpretation. en-us Wed, 06 Apr 2022 00:00:00 +0530 Fri, 26 Aug 2022 08:35:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303940 The court held that the highest turnover tax payable as conceded in the return or accounts or the turnover tax paid for any of the previous consecutive three years should be the basis for calculating the compounded tax under Section 7(b) of the Kerala General Sales Tax Act. The Tribunal's interpretation, considering all three situations (return, accounts, and tax paid), was affirmed. The court applied literal construction and noscitur-a-sociis principles, emphasizing that "highest" refers to the highest among the verifiable figures. The matter was directed to the Division Bench for further proceedings based on this interpretation. Case-Laws VAT and Sales Tax Wed, 06 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303940