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TMI Blog2015 (12) TMI 1633X X X X Extracts X X X X X X X X Extracts X X X X ..... was constrained to stop his business activities and could not continue with the same. It his case, therefore, that the payment of tax at compounded rates should not be insisted from him for the period subsequent to June 2015. Held that: - Having exercised his option to pay tax at compounded rates, and the tax having been paid by the petitioner and accepted by the department, the petitioner can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lue Added Tax Act (hereinafter referred to as 'the KVAT Act') for the period 2015-2016. It is the case of the petitioner that, while he had preferred his application for payment of tax at compounded rate, and commenced payment of tax at compounded rate even before the application was accepted and permission granted by the respondents, in June 2015, by virtue of a prohibitory order, the pet ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... procedure for assessment contemplated under Section 6 of the KVAT Act. Having exercised his option to pay tax at compounded rates, and the tax having been paid by the petitioner and accepted by the department, the petitioner cannot wriggle out of his obligations under the KVAT Act. Taking note of the submission of counsel of the petitioner with regard to the difficulties faced on account of the p ..... X X X X Extracts X X X X X X X X Extracts X X X X
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