https://www.taxtmi.com/caselaws?id=258818 Penal interest under Section 23(3) of the Kerala General Sales Tax Act could not be levied on differential tax that arose only on completion of assessment for assessment year 1996-1997, because the dealer had already filed the return and paid the tax disclosed therein; the additional liability arose only after rubber cess was included in purchase turnover at assessment, and that provision did not permit penal interest on such later-assessed differential tax. Section 23(3A), introduced only from 1998, was held not to apply retrospectively to assessment year 1996-1997. The levy of penal interest was therefore unsustainable to that extent. en-us Mon, 10 Nov 2014 00:00:00 +0530 Tue, 21 Apr 2015 07:45:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258818 Penal interest under Section 23(3) of the Kerala General Sales Tax Act could not be levied on differential tax that arose only on completion of assessment for assessment year 1996-1997, because the dealer had already filed the return and paid the tax disclosed therein; the additional liability arose only after rubber cess was included in purchase turnover at assessment, and that provision did not permit penal interest on such later-assessed differential tax. Section 23(3A), introduced only from 1998, was held not to apply retrospectively to assessment year 1996-1997. The levy of penal interest was therefore unsustainable to that extent. Case-Laws VAT and Sales Tax Mon, 10 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258818