Cst liabilty and penalty
This query is : Resolved
Prerna V. Dharurkar
(Querist)
26 February 2013
Sir/ Madam,
One of our client has not received C form for the F.Y.2008-09 and has received VAT Assessment Notice for the same period. The STO has told us to pay interest on the differential liability till date and 100% penalty u/s.29(c).But we are not getting any information related to the above section.
Kindly reply to the query as soon as possible.
One of our client has not received C form for the F.Y.2008-09 and has received VAT Assessment Notice for the same period. The STO has told us to pay interest on the differential liability till date and 100% penalty u/s.29(c).But we are not getting any information related to the above section.
Kindly reply to the query as soon as possible.
CA. Hari Kishan
(Expert)
26 February 2013
With regard to levy of interest , you may refer to
Maruti wire industies
J K Synthetics case
Associated cement company
BHEL case - Karnataka tribunal
Jalpac India - Uttarkhand HC
The courts have held that interest shall arise only from the date of demand and demand shall arise on completion of assessment and passing of order.
Maruti wire industies
J K Synthetics case
Associated cement company
BHEL case - Karnataka tribunal
Jalpac India - Uttarkhand HC
The courts have held that interest shall arise only from the date of demand and demand shall arise on completion of assessment and passing of order.
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