Contact us   Feedback   Annual Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (12) TMI 67 - RAJASTHAN HIGH COURT

2016 (12) TMI 67 - RAJASTHAN HIGH COURT - TMI - Levy of Turnover tax - composition/exemption fees - Held that: - bare perusal of the Sec. 13A itself makes it explicitly clear when it mentions "whose total turnover in a year exceeds 3 lac rupees" should mean that it has to be computed on the basis of annual turnover and not on the basis of proportionate or part of the turnover or quarterly basis. Admittedly, Notification dt. 12.7.2004 with regard to the assessment of the turnover tax and the exem .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

an Tax Board, Ajmer, whereby the appeal filed by the Revenue was dismissed. 2. The issue raised in the instant petition is about the Assessing Officer (AO) who levied turnover tax, surcharge and interest whereas as per assessee on composition/exemption fees it was not leviable. 3. However, the Deputy Commissioner (Appeals) allowed the appeal and the order was upheld by the Tax Board by the impugned order. 4. It has been brought to the notice of this court that the self same question came up befo .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

very dealer who is liable to get himself registered under section 3, and whose total turnover in a year exceeds three lacs rupees, whether or not the whole or any portion of such turnover is liable to tax under any other provisions of this Act, shall be liable to pay turnover tax, from such date and at such rate as may be notified by the State Government but not exceeding ten percent of his gross annual turnover. (2) No tax under sub-section (1) shall be payable on that part of turnover which re .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version