Turnover of branch closed on last day of preceding year has to be taken to determine compounded tax

CST & VAT : Where assessee opted to pay compounded tax under section 8(f)(i) of Kerala VAT Act and one of its branches was closed down on last date of previous financial year 2011-12, it was not entitled to exclude turnover of above branch for determining compounded tax payable for next financial year 2012-13