TMI Blog2015 (3) TMI 871X X X X Extracts X X X X X X X X Extracts X X X X ..... ondent had taken the purchase value as yardstick without considering the provisions of the Act. The statute speaks about the Sales Tax turnover alone for the purpose of liability under section 3(4) of the Tamil Nadu Value Added Tax Act, 2006. - The respondent has filed counter contending that the petitioner has got alternative remedy of filing appeal under section 51 of the Act and this court need ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... an rupees fifty lakhs, may, at his option, instead of paying tax under sub-section (2), pay a tax, for each year, on his turnover relating to taxable goods at such rate not exceeding one percent, as may be notified by the Government. Such option shall be exercised by the dealer, - (i) Who commences business, within thirty days from the date of commencement of the business; (ii) Whose turnove ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r, he shall inform the assessing authority in writing within seven days from the date on which such turnover has so reached, such dealer is liable to pay tax under sub-section (2) on all his sales of rupees fifty lakhs and above and he is entitled to the input tax credit on the purchases made from the date, and on the STOCK available with him, the purchases of which has been made within ninety da ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the petitioner has got alternative remedy of filing appeal under section 51 of the Act and this court need not exercise its extra-ordinary jurisdiction to interfere with the order passed. 5. The provisions of section 3(4) is very clear and the same has also been extracted by the respondent in para 5 of the counter which has also been extracted supra. When the sales had been done only to the tu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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