https://www.taxtmi.com/article/detailed?id=5346 The Act prohibits unauthorized tax collection and mandates transit passes for specified interstate goods; breaches trigger monetary penalties, joint and several tax liability and a bar to duplicate prosecution. Escaped turnover and wrongful input credit assessments attract graduated penalties where non disclosure is willful, with additional penalties for repeat directions. Failure to file returns and non reporting of price variations incur enhanced penalties, and Section 71 prescribes criminal fines and imprisonment for false statements, obstructing officers, fraudulent evasion and related offences. en-us Sat, 09 Nov 2013 08:36:28 +0530 Sat, 09 Nov 2013 08:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=5346 The Act prohibits unauthorized tax collection and mandates transit passes for specified interstate goods; breaches trigger monetary penalties, joint and several tax liability and a bar to duplicate prosecution. Escaped turnover and wrongful input credit assessments attract graduated penalties where non disclosure is willful, with additional penalties for repeat directions. Failure to file returns and non reporting of price variations incur enhanced penalties, and Section 71 prescribes criminal fines and imprisonment for false statements, obstructing officers, fraudulent evasion and related offences. Articles Value Added Tax - VAT and CST Sat, 09 Nov 2013 08:36:28 +0530 https://www.taxtmi.com/article/detailed?id=5346