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2018 (10) TMI 1 - HC - VAT and Sales TaxCompounding rate of tax - Section 3(4) of the TNVAT Act - Switch over to Form-I, instead of Form-K - Exceeding turnover of ₹ 50 lakhs - By the Tamil Nadu Ordinance No.1 of 2008, dated 17.06.2008, with effect from 18.06.2008, Section 3(4) of the Act was amended - effect of subsequent amendment in the Act - Held that:- As per the amendment, on exceeding the sales turnover of ₹ 50 lakhs, it has to be intimated to the respondent in writing within seven days from the date on which such has so reached and such dealer has to pay tax under Sub-Section (2) on all his sales of rupees fifty lakhs and above. But, this amendment came into effect only from 18.06.2008. Even before the amendment the dealer has filed returns. Therefore, the impugned order cannot be sustained. However, as it is disputed by the respondent that the petitioner has not filed Form-I returns and he paid tax only at 0.5% by filing Form-K returns for the total taxable turnover, this Court is inclined to remit the matter back to the file of the respondent for fresh consideration -
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