Compounding under KVAT cannot be cancelled in case suppression of turnover is detected

JOSCO Fashion Jewellers Vs State of Kerala (Kerala High Court) Kerala High Court held that compounding under KVAT Act for that year cannot be cancelled in case suppression of turnover is detected with respect to dealer who have paid tax at compounding rate. Accordingly, point is answered in favour of petitioner. Facts- Petitioner is a dealer in gold ornaments and jewellery registered under the Kerala Value Added Tax Act, 2003 and CST. The Petitioner had been opting for payment of tax at compounded rates under Section 8(f) of the KVAT Act since the year 2006. The compounding orders dated 18.02...