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VAT - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Compounding of offences - KVAT Act - For compounding an offence, ...


High Court Rules Compounding Fee Under KVAT Act Applies at Time of Payment, Not Tax Evasion.

March 31, 2017

Case Laws     VAT and Sales Tax     HC

Compounding of offences - KVAT Act - For compounding an offence, which of the compounding fees should be paid by the assessee: the one prevailing when the evasion took place or the one prevailing at the time of actual compounding? - The compounding fee as prevailing at the time of the assessee’s deciding to pay it shall alone apply - HC

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