https://www.taxtmi.com/caselaws?id=164397 Interest under section 23(3A) of the Kerala General Sales Tax Act is compensatory and applies not only where turnover is totally omitted from a return, but also where taxable turnover is under-disclosed, wrong exemption is claimed, or goods are classified at a lower rate, causing short payment of tax. The amendment was treated as clarificatory because the provision would otherwise not cover short payment arising from incorrect rate adoption or misclassification. Interest was therefore payable from the date tax would have fallen due on correct disclosure and classification, the earlier contrary interpretation was overruled, and the levy was restored, subject to a limited amnesty-related concession on the facts. en-us Wed, 16 Dec 2009 00:00:00 +0530 Mon, 20 Oct 2014 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164397 Interest under section 23(3A) of the Kerala General Sales Tax Act is compensatory and applies not only where turnover is totally omitted from a return, but also where taxable turnover is under-disclosed, wrong exemption is claimed, or goods are classified at a lower rate, causing short payment of tax. The amendment was treated as clarificatory because the provision would otherwise not cover short payment arising from incorrect rate adoption or misclassification. Interest was therefore payable from the date tax would have fallen due on correct disclosure and classification, the earlier contrary interpretation was overruled, and the levy was restored, subject to a limited amnesty-related concession on the facts. Case-Laws VAT and Sales Tax Wed, 16 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164397