https://www.taxtmi.com/caselaws?id=160300 A levy described as a penalty under section 13(2) of the Karnataka Sales Tax Act was characterised as interest because it is fixed, quantified, non-discretionary, and compensatory for delayed payment of tax. Interest on delayed tax payment was also treated as a substantive charge that can arise only from express statutory authority. On that basis, the Karnataka High Court held that the State provision could not be used to impose interest on Central sales tax dues under section 9(2) of the Central Sales Tax Act in the absence of a substantive charging provision in the Central Act. en-us Thu, 29 Jul 1999 00:00:00 +0530 Sat, 14 Dec 2013 12:03:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160300 A levy described as a penalty under section 13(2) of the Karnataka Sales Tax Act was characterised as interest because it is fixed, quantified, non-discretionary, and compensatory for delayed payment of tax. Interest on delayed tax payment was also treated as a substantive charge that can arise only from express statutory authority. On that basis, the Karnataka High Court held that the State provision could not be used to impose interest on Central sales tax dues under section 9(2) of the Central Sales Tax Act in the absence of a substantive charging provision in the Central Act. Case-Laws VAT and Sales Tax Thu, 29 Jul 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160300