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of <h1>Supreme Court dismisses special leave petitions in J&K tax case, orders payment of outstanding tax with interest.</h1> The Supreme Court dismissed the special leave petitions in a case related to non-payment of tax under the Jammu and Kashmir General Sales Tax Act, 1962. ... Amount of tax due on the basis of the quarterly return furnished by the petitioner has not been paid before the expiry of the last date of filing such return required by sub-section (3) of section 8 of the Jammu and Kashmir General Sales Tax Act, 1962 Held that:- Appeal dismissed. The High Court was right on the facts of the present case in holding that the petitioner was liable to pay interest on the amount of tax in respect of which default was committed as it is the admitted position that tax due on the basis of quarterly return was not paid as required by sub-section (3) and the petitioner was, therefore liable to pay interest on the amount of tax in respect of which default was committed at the rate prescribed in sub-section (2) from the last date prescribed for filing quarterly return under the Act up to the date of payment. The Supreme Court rejected the special leave petitions in a case involving non-payment of tax due on quarterly returns under the Jammu and Kashmir General Sales Tax Act, 1962. The petitioner was held liable to pay interest on the unpaid tax amount from the last date of filing the return. The Court upheld the decision that the petitioner must pay the interest amount within three months.
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