https://www.taxtmi.com/caselaws?id=252763 A dealer who validly opted for the composition scheme under section 7-D of the U.P. Trade Tax Act and paid the amount required by that scheme was treated as having discharged the tax liability contemplated by the scheme, so interest under section 8(1) could not be levied on the ground of non-payment of "tax admittedly payable." The contextual and harmonious reading of the charging, return and composition provisions meant that the usual default under the regular assessment regime did not arise. Withdrawal of the composition scheme also did not justify interest on any differential amount paid after cancellation, because the scheme did not create retrospective default merely by being withdrawn later. The operative principle is that lawful compliance with a composition scheme bars interest under the general interest provision. en-us Mon, 29 Apr 2013 00:00:00 +0530 Mon, 03 Nov 2014 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252763 A dealer who validly opted for the composition scheme under section 7-D of the U.P. Trade Tax Act and paid the amount required by that scheme was treated as having discharged the tax liability contemplated by the scheme, so interest under section 8(1) could not be levied on the ground of non-payment of "tax admittedly payable." The contextual and harmonious reading of the charging, return and composition provisions meant that the usual default under the regular assessment regime did not arise. Withdrawal of the composition scheme also did not justify interest on any differential amount paid after cancellation, because the scheme did not create retrospective default merely by being withdrawn later. The operative principle is that lawful compliance with a composition scheme bars interest under the general interest provision. Case-Laws VAT and Sales Tax Mon, 29 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252763