Home Case Index All Cases VAT and Sales Tax VAT and Sales Tax + HC VAT and Sales Tax - 2016 (5) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (5) TMI 182 - HC - VAT and Sales TaxSettlement application - Taxability and imposition of penalty - Section 3B and 12(3)(b) of the Act - Full service maintenance agreement charges - Held that:- the application of the assessee for settlement was accepted in terms of one of the Clauses of Section 7 of the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2010. It was done only after the assessee paid the entire arrears of tax together with 25% of the interest computed on the entire arrears at the rate of 6% per annum. Once a certificate is issued in terms of Section 8 of the Act, the assessee stands discharged of any further obligations by virtue of Sub-Section (1) of Section 8. Unfortunately, the Tribunal thought that the application for settlement was only in respect of the arrears of tax and that it was not in respect of penalty. That is a misconception. Therefore, the order of Tribunal is set aside. - Revision petition allowed
|