TaxTMI 
TaxTMI 
Compounding Option Kerala VAT
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....ompounding Option Kerala VAT<br> Query (Issue) Started By: - Binu Karuthedath Dated:- 4-4-2016 Last Reply Date:- 6-4-2016 VAT + CST<br>Got 3 Replies<br>VAT / Sales Tax<br>Dear Sir One of the Assess....
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....ee is registered Kerala VAT and manufacturer of Ayurvedic Medicines as per the Drug License and also they have choose an option to pay Tax on MRP under section 8 for preceding year and issue invoice i....
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....n the form 8H .Now assessee is decided that not opting compounding payment this year , is this right? is any problem to assessee from VAT Reply By Ganeshan Kalyani: The Reply: Sir, the provision of....
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.... charging VAT on MRP is optional under KVAT. Your choice of either charging VAT on MRP or on Sale value should be communicated to the Department. In my view you can switch the option. Thanks. Reply ....
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....By Binu Karuthedath: The Reply: Dear Sir Thanks your reply The assessee is applied for compounding application(Form 1B) by online .But Assissing authority is not issue compounding permission(FORM....
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.... 1E) till the date. have any option to withdraw the application? . if possible what are the procedure Reply By Ganeshan Kalyani: The Reply: Sir you should meet the Authority to solve the issue once....
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.... for all. Thanks.<br> Discussion Forum - Knowledge Sharing ....