Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
VAT - Highlights / Catch Notes

Home Highlights April 2015 Year 2015 This

Where an assessee, whether a public sector undertaking or ...

VAT and Sales Tax

April 17, 2015

Where an assessee, whether a public sector undertaking or otherwise, defaults in payment of tax without a bona fide explanation or there is no dispute pending as to the levy of tax, a necessary consequence of such default shall in levy of interest under Section 25(5) of the Act - HC

View Source

 


 

You may also like:

  1. Gross NPAs of Public Sector Banks Stood at Rs.71,047 Crore as on 31st March,2011.

  2. TDS - assessing authority has issued certificates authorizing the payment without deduction of tax - payer cannot be treated as an assessee in default even if tax is...

  3. To raise tax disputes, public sector undertakings no more require COD clearance – SC recalls its 3 earlier decisions

  4. Penal action may be taken against nominee director on behalf of Public FIs, Financial Institutions & banks on the board of companies for defaults

  5. Validity of conditional interim order - stay of recovery proceedings - The petitioner, being a Public Sector Company cannot be imposed with such onerous condition for...

  6. TDS under GST - public sector undertaking - supply from one PSU to another PSU exempted from applicability of provisions relating to TDS

  7. Ethanol produced from molasses generated from cane crushed in the sugar season 2015-16 and supplied to specified public sector oil marketing companies exempted from duty...

  8. EXEMPTIONS - INTEREST ON BONDS/DEBENTURES - NOTIFIED BONDS OR DEBENTURES OF PUBLIC SECTOR COMPANIES - Ntf. No. 52/2011 Dated: September 23, 2011

  9. Proof of payment of service tax - challans copies do not have legible bank seal - since the said challans are supported with CBEC website payment confirmation, there is...

  10. Payment of Interest for Sales Tax Default - interest paid by the assessee to the sales tax department on arrears of sales tax/purchase tax was an admissible deduction - AT

 

Quick Updates:Latest Updates