https://www.taxtmi.com/caselaws?id=164432 A compounding application under the sales tax scheme may validly be acted on during the relevant year even if the order is passed after the first monthly return date, because no absolute time-limit is implied from the scheme. Filing regular monthly returns and paying tax in the interim does not by itself withdraw the pending application, which continues unless expressly withdrawn. Interest could not be levied for the period of official delay before service of the compounding demand, though interest remained possible for belated payment after the demand notice and for subsequent default; the penalty orders were directed to be recalled subject to compliance. en-us Mon, 25 May 2009 00:00:00 +0530 Sat, 08 Nov 2014 20:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164432 A compounding application under the sales tax scheme may validly be acted on during the relevant year even if the order is passed after the first monthly return date, because no absolute time-limit is implied from the scheme. Filing regular monthly returns and paying tax in the interim does not by itself withdraw the pending application, which continues unless expressly withdrawn. Interest could not be levied for the period of official delay before service of the compounding demand, though interest remained possible for belated payment after the demand notice and for subsequent default; the penalty orders were directed to be recalled subject to compliance. Case-Laws VAT and Sales Tax Mon, 25 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164432