https://www.taxtmi.com/caselaws?id=105534 Advance amounts paid towards the eventual clause 5-A sugarcane price were treated as price payments and therefore formed part of turnover, making them includible in monthly returns. Interest under the Tamil Nadu General Sales Tax Act did not arise from the date of purchase on either the clause 5-A price or the advances, because statutory interest applies only after tax becomes payable and remains unpaid under the return-and-demand mechanism. In the absence of a provisional assessment or a notice of demand, an alleged incompleteness in the return did not itself justify interest. The interest levy was therefore unsustainable. en-us Tue, 03 May 2005 00:00:00 +0530 Wed, 07 Sep 2016 12:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105534 Advance amounts paid towards the eventual clause 5-A sugarcane price were treated as price payments and therefore formed part of turnover, making them includible in monthly returns. Interest under the Tamil Nadu General Sales Tax Act did not arise from the date of purchase on either the clause 5-A price or the advances, because statutory interest applies only after tax becomes payable and remains unpaid under the return-and-demand mechanism. In the absence of a provisional assessment or a notice of demand, an alleged incompleteness in the return did not itself justify interest. The interest levy was therefore unsustainable. Case-Laws VAT and Sales Tax Tue, 03 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105534