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VAT - Highlights / Catch Notes

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Validity of assessment order - levy of interest on belated ...

Case Laws     VAT and Sales Tax

June 17, 2022

Validity of assessment order - levy of interest on belated payments of taxes - Needless to say, if the admitted tax has been paid in time, the question of levying interest in 2019 for the remainder of the taxes, after a period of four years when the tax was paid, will not arise as the authorities are expected to have raised demands of interest concurrent with the tax demand or in any event, within a reasonable period of time thereafter. - HC

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