https://www.taxtmi.com/caselaws?id=464945 A dealer's permission to pay tax on a compounded basis under the Kerala Value Added Tax Act could not be cancelled merely because of an alleged turnover discrepancy in the same assessment year. Liability under the compounded scheme was computed with reference to the turnover of the previous three consecutive years under Section 8(f), so the turnover of the year in which compounding was chosen was not the basis for determining tax payable for that year. On that reasoning, the alleged suppression did not justify cancellation, and the permission was held unsustainable. en-us Wed, 02 Aug 2017 00:00:00 +0530 Tue, 25 Nov 2025 20:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464945 A dealer's permission to pay tax on a compounded basis under the Kerala Value Added Tax Act could not be cancelled merely because of an alleged turnover discrepancy in the same assessment year. Liability under the compounded scheme was computed with reference to the turnover of the previous three consecutive years under Section 8(f), so the turnover of the year in which compounding was chosen was not the basis for determining tax payable for that year. On that reasoning, the alleged suppression did not justify cancellation, and the permission was held unsustainable. Case-Laws VAT / Sales Tax Wed, 02 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464945