https://www.taxtmi.com/caselaws?id=157334 Penal interest under the Kerala General Sales Tax Act arises automatically when tax is not paid within the prescribed time, so a demand notice in the prescribed form is only a consequential intimation and not an independent order or proceeding revisable under section 36. The assessee could not unilaterally set off a refundable amount against a later tax liability because the statutory mode of payment required remittance in the prescribed manner; that unauthorised adjustment caused short payment and attracted penal interest under section 23(3). en-us Thu, 13 Jan 1994 00:00:00 +0530 Fri, 04 Oct 2013 12:39:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157334 Penal interest under the Kerala General Sales Tax Act arises automatically when tax is not paid within the prescribed time, so a demand notice in the prescribed form is only a consequential intimation and not an independent order or proceeding revisable under section 36. The assessee could not unilaterally set off a refundable amount against a later tax liability because the statutory mode of payment required remittance in the prescribed manner; that unauthorised adjustment caused short payment and attracted penal interest under section 23(3). Case-Laws VAT and Sales Tax Thu, 13 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157334