Higher tax collection rate required where PAN is not furnished and prior year return is not filed. If a buyer has neither furnished PAN nor filed the prior year's return after its due date, the seller must collect tax at the higher of the two prescribed rates applicable to PAN nonfurnishing or return nonfiling, imposing a stricter collection obligation where both compliances are absent.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Higher tax collection rate required where PAN is not furnished and prior year return is not filed.
If a buyer has neither furnished PAN nor filed the prior year's return after its due date, the seller must collect tax at the higher of the two prescribed rates applicable to PAN nonfurnishing or return nonfiling, imposing a stricter collection obligation where both compliances are absent.
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