Validity of demand of VAT and penalty - suppression of the ...
Court Upholds VAT Demand and Penalty for Sales Suppression and Stock Discrepancies Under HVAT and Central Sales Tax Acts.
January 22, 2024
Case Laws VAT and Sales Tax HC
Validity of demand of VAT and penalty - suppression of the sales/stock difference - The penalty was confirmed based on a prior inspection u/s 29 of the HVAT Act and subsequent procedures under Section 38. The court upheld the tribunal's decision that the penalty was correctly levied under both the HVAT Act and the Central Sales Tax Act. - HC
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