Case Law Details
Case Name : M/s. Sri Murugan Agency Vs. The Commercial Tax Officer (FAC) (Madras High Court)
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All High Courts Madras High Court
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M/s. Sri Murugan Agency Vs. Commercial Tax Officer (FAC) (Madras High Court)
The petitioner herein opted to pay compounding tax as per section 3(4) of the Tamil Nadu Value Added Tax Act, 2006, as the assessee expected the turnover for the year 2007-08 as between Rs. 10 lakhs and Rs. 50 lakhs. The petitioner filed the monthly returns in form K disclosing the turnover and corresponding tax at 0.5 per cent. It is stated that the petitioner’s turnover, however, exceeded Rs. 50 lakhs and hence, not eligible for compounded rate of tax at 0.05 per cent. The petitioner filed the form I monthly r...
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SIR,
WILL YOU POST THE EXACT CIRCULAR WHICH HC REFERRED IN THIS ORDER?