https://www.taxtmi.com/caselaws?id=158698 Penal interest under the Kerala General Sales Tax Act, 1963 accrues automatically when admitted tax is not paid within the prescribed time, and prior service of a demand notice is not a prerequisite for levy. The text also states that turnover tax becomes payable as soon as taxable turnover crosses the statutory limit, not only at the end of the year. Payment is therefore exigible during the year when the threshold is crossed, along with the relevant returns. en-us Fri, 21 Jun 1996 00:00:00 +0530 Tue, 05 Nov 2013 17:01:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158698 Penal interest under the Kerala General Sales Tax Act, 1963 accrues automatically when admitted tax is not paid within the prescribed time, and prior service of a demand notice is not a prerequisite for levy. The text also states that turnover tax becomes payable as soon as taxable turnover crosses the statutory limit, not only at the end of the year. Payment is therefore exigible during the year when the threshold is crossed, along with the relevant returns. Case-Laws VAT and Sales Tax Fri, 21 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158698