9911796707
TMI Blog2015 (12) TMI 1633X X X X Extracts X X X X X X X X Extracts X X X X ..... I.PHILIP J.VETTICKATTU ,SRI.B.PREMNATH (E) For the Respondent : BY GOVERNMENT PLEADER SMT.LILLY.K.T. A.K.JAYASANKARAN NAMBIAR, J. J U D G M E N T The petitioner, who is conducting a quarry and crusher unit had opted to pay tax at the compounded rate under Section 8(b) of the Kerala Value Added Tax Act (hereinafter referred to as 'the KVAT Act') for the period 2015-2016. It is the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ner at the commencement of the assessment year was voluntary and was not a coerced one. For reasons best known to the petitioner, he had opted to pay tax at the compounded rate under Section 8(b) and thereby undertaken to pay tax at a specified rate for the entire year in lieu of the normal procedure for assessment contemplated under Section 6 of the KVAT Act. Having exercised his option to pay ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6, he should be treated as having discharged his liability under Section 8(b) of the KVAT Act for the assessment year 2015- 2016. Recovery steps for recovery of the tax amounts from the petitioner on a monthly basis shall be kept in abeyance till 31.03.2016 and the continuance of such action against the petitioner, as also initiation of any penalty proposals against the petitioner, will depend upo ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
