https://www.taxtmi.com/caselaws?id=754144 A dealer under the Kerala VAT compounding scheme for bullion and similar goods must remit tax collected at a rate higher than the rate permitted by the special provision, even if the total tax collected is less than the compounded tax payable. The provision requiring payment over of excess collection applies only to tax collected in accordance with the permitted rate; collection at a different rate falls outside that protection. Section 30, which allows collection at Section 6 rates, does not override the special regime under Section 8(f) or legitimise collection beyond the prescribed compounding rate. The Tribunal's view was rejected and the Revenue's position accepted. 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 A dealer under the Kerala VAT compounding scheme for bullion and similar goods must remit tax collected at a rate higher than the rate permitted by the special provision, even if the total tax collected is less than the compounded tax payable. The provision requiring payment over of excess collection applies only to tax collected in accordance with the permitted rate; collection at a different rate falls outside that protection. Section 30, which allows collection at Section 6 rates, does not override the special regime under Section 8(f) or legitimise collection beyond the prescribed compounding rate. The Tribunal's view was rejected and the Revenue's position accepted. Case-Laws VAT and Sales Tax Thu, 21 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754144