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VAT - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Interest on delayed payment - an assessee cannot foresee the ...


High Court Rules Interest on Delayed Tax Payment Starts from Demand Date, Not Return Filing Date.

March 31, 2017

Case Laws     VAT and Sales Tax     HC

Interest on delayed payment - an assessee cannot foresee the additional demand of tax on account of reassessment or in revision and the interest would become payable only from the date, the demand is raised and not from the date of filing of return - demand of interest set aside - HC

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