TMI Blog2015 (2) TMI 234X X X X Extracts X X X X X X X X Extracts X X X X ..... question, that is, on March 31, 2012, was he entitled to exclude the turnover of that branch for determining the compounded tax payable for the next financial year, that is, 2012-13 - Held that:- The liability of a dealer to pay tax under the KVAT Act is in terms of section 6, which is the charging provision. The optional system of payment of tax at compounded rates is permitted in terms of sectio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be determined on the basis of annual turnover remains the same. Therefore, there cannot be any splitting up or proportionate reduction of the annual turn over of the previous year to determine the compounded tax that could be paid in terms of that provision. - No legal infirmity or jurisdictional error in the impugned judgment issued by the learned single judge (Fashion Jewellery v. Commercial Tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... mpounded tax payable for the next financial year, that is, 2012-13 (from April 1, 2012 to March 31, 2013)? 2. The liability of a dealer to pay tax under the KVAT Act is in terms of section 6, which is the charging provision. The optional system of payment of tax at compounded rates is permitted in terms of section 8. Section 8(f)(i) relates to dealers in ornaments or wares or articles of gold, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ermined on the basis of annual turnover remains the same. Therefore, there cannot be any splitting up or proportionate reduction of the annual turn over of the previous year to determine the compounded tax that could be paid in terms of that provision. 4. A provision is made for the year 2010-11 by Explanation 8. That does not apply to the subsequent years. We, therefore, do not find any legal ..... X X X X Extracts X X X X X X X X Extracts X X X X
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