TMI BlogInterst on Supplimantry Invocie under CSTX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, This is to inform u that as per excise law Because Rule 5 of Central Excise Rules, 2002 is the governing rule and accordingly , duty 12.36% along with interest from the due date till ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the date of payment. And such case is applicable on VAT , or Interest applicable on supplementary invoice under CST Act or VAT Act because Excise and CST or VAT both are Indirect tax. Rega ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rds Arjun Sachdeva - Reply By Pradeep Khatri - The Reply = Since the interest is in of statutory nature, hence, liabled to be paid. But there are lots of judgments by the various Hon'ble Tribu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nal in this regard. Under C.E. Laws, in a recent judgment, it was held that Interest for raising supplimentory invoice is not warranted when there is north bound price movement on which there is no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... control of the assesee. Under CST Act, 1956 , read with CST R T Rules, 1957, you may postponed the payment of interest till the time of assessment conducted by the Department since there is no pr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ovision for the same. If the assessing authority raises demand then you should pay it off otherwise not. - Interst on Supplimantry Invocie under CST - Query Started By: - MITSUI PRIME Dated:- 20-12- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 2012 Value Added Tax - VAT-CST - Got 1 Reply - VAT and Sales Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxman ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... agement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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