https://www.taxtmi.com/caselaws?id=156704 Penal interest under section 23(3) of the Kerala General Sales Tax Act, 1963 was described as accruing automatically when tax remains unpaid within the prescribed time, without any prior demand notice. The later insertion of sections 23(4) to 23(6) was treated as remedial legislation addressing cases where provisional liability is reduced in final assessment, appeal, or revision. On that construction, the relevant date is the final assessment or appellate order, and the penal interest must be recomputed to match the reduced tax liability where that order is made after the amendment. en-us Fri, 06 Mar 1992 00:00:00 +0530 Mon, 23 Sep 2013 18:03:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156704 Penal interest under section 23(3) of the Kerala General Sales Tax Act, 1963 was described as accruing automatically when tax remains unpaid within the prescribed time, without any prior demand notice. The later insertion of sections 23(4) to 23(6) was treated as remedial legislation addressing cases where provisional liability is reduced in final assessment, appeal, or revision. On that construction, the relevant date is the final assessment or appellate order, and the penal interest must be recomputed to match the reduced tax liability where that order is made after the amendment. Case-Laws VAT and Sales Tax Fri, 06 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156704