https://www.taxtmi.com/caselaws?id=754144 Kerala HC held that a dealer under Section 8(f) of KVAT Act who pays compounded tax rates cannot be directed to pay excess collected tax to Government when their actual tax liability exceeds collections. The court found that Section 8(f)(iii) permits excess collection payment only when tax is collected at prescribed rates, not at different rates. The Appellate Tribunal's contrary finding was deemed unsustainable as it violated express statutory provisions. The court distinguished Section 30(1) which applies to dealers collecting tax under Section 6 rates, ruling the provision inapplicable to Section 8 dealers. OT Revisions were allowed. en-us Thu, 21 Mar 2024 00:00:00 +0530 Wed, 19 Jun 2024 08:30:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754144 Kerala HC held that a dealer under Section 8(f) of KVAT Act who pays compounded tax rates cannot be directed to pay excess collected tax to Government when their actual tax liability exceeds collections. The court found that Section 8(f)(iii) permits excess collection payment only when tax is collected at prescribed rates, not at different rates. The Appellate Tribunal's contrary finding was deemed unsustainable as it violated express statutory provisions. The court distinguished Section 30(1) which applies to dealers collecting tax under Section 6 rates, ruling the provision inapplicable to Section 8 dealers. OT Revisions were allowed. Case-Laws VAT and Sales Tax Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754144