https://www.taxtmi.com/caselaws?id=242612 Misuse of Form 18 declarations under the KGST Act attracted penalty where concessional input purchases were made for carbon black and rubber chemicals but a substantial portion was used in production transferred outside Kerala. The assessing authority treated this as contravention of the statutory conditions governing concessional purchases and imposed penalty at twice the tax sought to be evaded. The appellate authorities upheld the assessment after considering the assessee's reply, and the Supreme Court found no infirmity in the concurrent factual findings or the penalty, declining to interfere. en-us Tue, 07 Jan 2014 00:00:00 +0530 Sat, 18 Jan 2014 10:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=242612 Misuse of Form 18 declarations under the KGST Act attracted penalty where concessional input purchases were made for carbon black and rubber chemicals but a substantial portion was used in production transferred outside Kerala. The assessing authority treated this as contravention of the statutory conditions governing concessional purchases and imposed penalty at twice the tax sought to be evaded. The appellate authorities upheld the assessment after considering the assessee's reply, and the Supreme Court found no infirmity in the concurrent factual findings or the penalty, declining to interfere. Case-Laws VAT and Sales Tax Tue, 07 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=242612