https://www.taxtmi.com/caselaws?id=164614 Where a finance measure retained the original levy on first purchase of coffee beans, the dealers' returns that treated the turnover as exempt became incorrect and had to be revised under the sales tax rules. Statutory interest was therefore chargeable on the delayed tax payment under the Kerala General Sales Tax Act because the short payment arose from omission in the returns after the notification of the Finance Act. However, the court confined the interest period and held that no interest was payable up to 10 August 1998, being the date by which revised returns for the earlier months could have been filed. Interest was sustained only for the period of actual default thereafter. en-us Mon, 25 Aug 2008 00:00:00 +0530 Sat, 29 Nov 2014 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164614 Where a finance measure retained the original levy on first purchase of coffee beans, the dealers' returns that treated the turnover as exempt became incorrect and had to be revised under the sales tax rules. Statutory interest was therefore chargeable on the delayed tax payment under the Kerala General Sales Tax Act because the short payment arose from omission in the returns after the notification of the Finance Act. However, the court confined the interest period and held that no interest was payable up to 10 August 1998, being the date by which revised returns for the earlier months could have been filed. Interest was sustained only for the period of actual default thereafter. Case-Laws VAT and Sales Tax Mon, 25 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164614