https://www.taxtmi.com/caselaws?id=162537 A dealer who opts for compounding under section 7 of the Kerala General Sales Tax Act, 1963 remains liable to pay additional sales tax under section 5D, because compounding is only a convenience in lieu of regular assessment and does not waive the statutory tax liability. Where that tax or any other amount due is not paid within the prescribed time, section 23(3) makes interest payable for the delay. Accordingly, penal interest was leviable on the delayed payment of additional sales tax, and the challenge to the demand failed. en-us Wed, 15 Jun 2005 00:00:00 +0530 Sat, 01 Mar 2014 14:40:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162537 A dealer who opts for compounding under section 7 of the Kerala General Sales Tax Act, 1963 remains liable to pay additional sales tax under section 5D, because compounding is only a convenience in lieu of regular assessment and does not waive the statutory tax liability. Where that tax or any other amount due is not paid within the prescribed time, section 23(3) makes interest payable for the delay. Accordingly, penal interest was leviable on the delayed payment of additional sales tax, and the challenge to the demand failed. Case-Laws VAT and Sales Tax Wed, 15 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162537