https://www.taxtmi.com/caselaws?id=102185 Section 8 of the Jammu and Kashmir General Sales Tax Act, 1962 was within legislative competence as part of the tax recovery machinery, and the challenge under Article 265 failed. The graduated interest provisions were not discriminatory or arbitrary under Article 14 and were upheld. Dealers remained liable to pay quarterly tax on taxable turnover even where sales were on credit or the sale price had not been received, and absence of prior demand did not excuse default. Interest could not be charged at the maximum rate for the entire default period; it had to be computed strictly under the statutory graduated scale, so the impugned interest demands were modified to that extent. en-us Thu, 09 Feb 1984 00:00:00 +0530 Wed, 06 Aug 2014 12:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102185 Section 8 of the Jammu and Kashmir General Sales Tax Act, 1962 was within legislative competence as part of the tax recovery machinery, and the challenge under Article 265 failed. The graduated interest provisions were not discriminatory or arbitrary under Article 14 and were upheld. Dealers remained liable to pay quarterly tax on taxable turnover even where sales were on credit or the sale price had not been received, and absence of prior demand did not excuse default. Interest could not be charged at the maximum rate for the entire default period; it had to be computed strictly under the statutory graduated scale, so the impugned interest demands were modified to that extent. Case-Laws VAT and Sales Tax Thu, 09 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102185