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VAT - Highlights / Catch Notes

Home Highlights August 2013 Year 2013 This

Carry forward of excess tax - Petitioner paid amount in excess ...


Tax Authority Refuses to Carry Forward Excess Payment; Respondents' Interest and Penalty Claims for Future Years Unjustified.

August 12, 2013

Case Laws     VAT and Sales Tax     HC

Carry forward of excess tax - Petitioner paid amount in excess of tax liability - Authority denied carrying forward of tax - There appears no rationale on the part of the respondents in claiming interest and penalty with regard to the payment to be effected by the petitioner in respect of the subsequent assessment years - HC

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