https://www.taxtmi.com/caselaws?id=159256 Penalty for non-payment of sales tax on freight is unavailable where the dealer relied bona fide on then-binding Supreme Court precedent that freight was excluded from sale price; that reliance constitutes reasonable cause under the penalty provision. Interest cannot be recovered for an earlier period when no statutory provision authorised interest on delayed payment. A later interest provision operates prospectively unless express language or necessary implication gives it retrospective effect, particularly because it imposes a substantive additional fiscal liability. Accordingly, the penalty and interest demands for the relevant period were set aside. en-us Thu, 04 Dec 1997 00:00:00 +0530 Tue, 19 Nov 2013 14:35:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159256 Penalty for non-payment of sales tax on freight is unavailable where the dealer relied bona fide on then-binding Supreme Court precedent that freight was excluded from sale price; that reliance constitutes reasonable cause under the penalty provision. Interest cannot be recovered for an earlier period when no statutory provision authorised interest on delayed payment. A later interest provision operates prospectively unless express language or necessary implication gives it retrospective effect, particularly because it imposes a substantive additional fiscal liability. Accordingly, the penalty and interest demands for the relevant period were set aside. Case-Laws VAT and Sales Tax Thu, 04 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159256