https://www.taxtmi.com/caselaws?id=164453 Interest under section 23(3A) of the Kerala General Sales Tax Act was held payable on belated turnover tax attributable to the excise duty component of liquor sales, because the provision applies to omitted or short-paid turnover from the date tax ought to have been paid on a correct return and operates as a compensatory levy. The court also held that remittances made by the dealer could validly be appropriated first towards interest under section 55C, since the statutory order of adjustment applied to payments made after that provision came into force. The Tribunal's contrary view was set aside and the assessments levying interest were restored, subject to correction of any computational error. en-us Fri, 24 Jul 2009 00:00:00 +0530 Tue, 04 Nov 2014 19:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164453 Interest under section 23(3A) of the Kerala General Sales Tax Act was held payable on belated turnover tax attributable to the excise duty component of liquor sales, because the provision applies to omitted or short-paid turnover from the date tax ought to have been paid on a correct return and operates as a compensatory levy. The court also held that remittances made by the dealer could validly be appropriated first towards interest under section 55C, since the statutory order of adjustment applied to payments made after that provision came into force. The Tribunal's contrary view was set aside and the assessments levying interest were restored, subject to correction of any computational error. Case-Laws VAT and Sales Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164453