https://www.taxtmi.com/caselaws?id=217942 The Supreme Court allowed the appeal and directed the appellant company to pay the balance amount of Rs.5,169 crores towards Sales Tax/VAT dues in eight equal quarterly installments with interest at 10% p.a. calculated on the reducing balance remaining payable to the State Government. The Court clarified that the interest would be calculated on the outstanding balance owed by the appellant, with the first installment due on a specified date and subsequent installments to be paid every quarter thereafter. No costs were awarded in the matter. en-us Thu, 13 Sep 2012 00:00:00 +0530 Mon, 29 Oct 2012 12:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217942 The Supreme Court allowed the appeal and directed the appellant company to pay the balance amount of Rs.5,169 crores towards Sales Tax/VAT dues in eight equal quarterly installments with interest at 10% p.a. calculated on the reducing balance remaining payable to the State Government. The Court clarified that the interest would be calculated on the outstanding balance owed by the appellant, with the first installment due on a specified date and subsequent installments to be paid every quarter thereafter. No costs were awarded in the matter. Case-Laws VAT and Sales Tax Thu, 13 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217942