https://www.taxtmi.com/caselaws?id=464947 Suppressed taxable turnover detected on inspection cannot receive the compounding rate under the Kerala Value Added Tax regime where the dealer understated contract receipts and cannot disprove the suppression through books of account. Compounding benefits apply to disclosed turnover and do not extend to receipts forming the basis of a penalty for suppression. Section 25AA, introduced with effect from 1 April 2019, operates prospectively unless legislation clearly provides otherwise. It governs pending or reopened assessments rather than assessments and penalty proceedings completed before its insertion, and cannot be used to reopen concluded VAT proceedings. en-us Wed, 24 Nov 2021 00:00:00 +0530 Tue, 25 Nov 2025 20:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464947 Suppressed taxable turnover detected on inspection cannot receive the compounding rate under the Kerala Value Added Tax regime where the dealer understated contract receipts and cannot disprove the suppression through books of account. Compounding benefits apply to disclosed turnover and do not extend to receipts forming the basis of a penalty for suppression. Section 25AA, introduced with effect from 1 April 2019, operates prospectively unless legislation clearly provides otherwise. It governs pending or reopened assessments rather than assessments and penalty proceedings completed before its insertion, and cannot be used to reopen concluded VAT proceedings. Case-Laws VAT / Sales Tax Wed, 24 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464947