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VAT - Highlights / Catch Notes

Home Highlights March 2020 Year 2020 This

Levy of penalty - suppression of turnover - even if the ...


High Court Upholds Penalty for VAT and Sales Tax Violations u/s 38 Due to Incorrect Returns Filing.

March 2, 2020

Case Laws     VAT and Sales Tax     HC

Levy of penalty - suppression of turnover - even if the transaction was disclosed in the books of account it will be of no benefit. - Section 38 is worded in a manner that it applies not only to maintaining false or incorrect account but also to filing incorrect or false returns, which the appellant did in the present case. - HC

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