https://www.taxtmi.com/caselaws?id=161574 Penal interest under section 23(3) of the Kerala General Sales Tax Act applies only on default in paying tax that has become due on the return or assessment basis, while section 23(3A) applies only to omission of turnover from the return or escapement of turnover. A mere disclosure of turnover at an incorrect lower rate of tax does not amount to omission of turnover or escapement. Where the assessing authority rejects the return, the proper course is assessment and demand, and interest can arise only if the assessed tax is not paid within time. On this basis, penal interest was held not leviable under either provision. en-us Wed, 26 Feb 2003 00:00:00 +0530 Sat, 01 Feb 2014 13:06:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161574 Penal interest under section 23(3) of the Kerala General Sales Tax Act applies only on default in paying tax that has become due on the return or assessment basis, while section 23(3A) applies only to omission of turnover from the return or escapement of turnover. A mere disclosure of turnover at an incorrect lower rate of tax does not amount to omission of turnover or escapement. Where the assessing authority rejects the return, the proper course is assessment and demand, and interest can arise only if the assessed tax is not paid within time. On this basis, penal interest was held not leviable under either provision. Case-Laws VAT and Sales Tax Wed, 26 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161574