https://www.taxtmi.com/caselaws?id=160979 Amounts paid to sugarcane growers as so-called advances, where they fell within the statutory additional price under the Sugarcane (Control) Order, were treated as part of the purchase price because the true character of the payment depended on the statutory obligation and not the dealer's label. The text also explains that, under a self-assessment regime, tax on revised admitted turnover carries interest from the date the original incorrect return left the correct tax unpaid until the revised return was filed and payment made. The stated effect is that such statutory price payments attract purchase tax and delayed remittance of tax admitted in a revised return attracts interest. en-us Mon, 08 Oct 2001 00:00:00 +0530 Fri, 27 Dec 2013 17:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160979 Amounts paid to sugarcane growers as so-called advances, where they fell within the statutory additional price under the Sugarcane (Control) Order, were treated as part of the purchase price because the true character of the payment depended on the statutory obligation and not the dealer's label. The text also explains that, under a self-assessment regime, tax on revised admitted turnover carries interest from the date the original incorrect return left the correct tax unpaid until the revised return was filed and payment made. The stated effect is that such statutory price payments attract purchase tax and delayed remittance of tax admitted in a revised return attracts interest. Case-Laws VAT and Sales Tax Mon, 08 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160979