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VAT - Highlights / Catch Notes

Home Highlights February 2015 Year 2015 This

Scheme of compounding - KVAT - there cannot be any splitting up ...


Kerala VAT Compounding: Entire Previous Year Turnover Must Be Considered for Compounded Tax; No Splitting Allowed.

February 6, 2015

Case Laws     VAT and Sales Tax     HC

Scheme of compounding - KVAT - 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. - HC

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