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VAT - Highlights / Catch Notes

Home Highlights March 2021 Year 2021 This

Levy of penalty under Section 72(2) of KVAT Act - Wrong ...

Case Laws     VAT and Sales Tax

March 22, 2021

Levy of penalty under Section 72(2) of KVAT Act - Wrong classification of goods - it is evident that the levy of penalty under Section 72(2) of the Act is neither automatic nor mandatory. - the condition precedent for invoking the powers under Section 64 of the Act, is not fulfilled. - HC

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