https://www.taxtmi.com/caselaws?id=159957 Penal interest under section 23(3) of the Kerala General Sales Tax Act became payable when tax due on turnover was not paid within the prescribed time, and liability attached by operation of law from the date the unpaid tax should have been remitted. The obligation under rule 21(11) to file the annual return and pay the tax due meant that omission of turnover from the original return created default at that stage. A revised return did not defer the commencement of default, and no demand notice in form 14B was necessary to trigger interest. Penal interest was therefore chargeable from 1 May 1978 on tax attributable to the omitted turnover. en-us Fri, 06 Mar 1992 00:00:00 +0530 Fri, 06 Dec 2013 11:28:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159957 Penal interest under section 23(3) of the Kerala General Sales Tax Act became payable when tax due on turnover was not paid within the prescribed time, and liability attached by operation of law from the date the unpaid tax should have been remitted. The obligation under rule 21(11) to file the annual return and pay the tax due meant that omission of turnover from the original return created default at that stage. A revised return did not defer the commencement of default, and no demand notice in form 14B was necessary to trigger interest. Penal interest was therefore chargeable from 1 May 1978 on tax attributable to the omitted turnover. Case-Laws VAT and Sales Tax Fri, 06 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159957