Appellant Not Liable for Additional Penalty and Interest on Works Contract; Tax Already Paid at 12% Rate.

Appellant Not Liable for Additional Penalty and Interest on Works Contract; Tax Already Paid at 12% Rate. https://www.taxtmi.com/highlights?id=30934 Demand of interest and penalty - bonafide belief - Nature of works contract civil contract or construction contract - appellant paid the tax on the basis of 12% later on - The authorities below have committed an error of law and when the tax imposed has already been paid by the appellant, the penalty and interest is therefore not required to be liable to be paid by the appellant. - HC en-us Fri, 26 Aug 2016 13:56:49 +0530 Fri, 26 Aug 2016 13:56:49 +0530 TaxTMI RSS Generator Appellant Not Liable for Additional Penalty and Interest on Works Contract; Tax Already Paid at 12% Rate. https://www.taxtmi.com/highlights?id=30934 Demand of interest and penalty - bonafide belief - Nature of works contract civil contract or construction contract - appellant paid the tax on the basis of 12% later on - The authorities below have committed an error of law and when the tax imposed has already been paid by the appellant, the penalty and interest is therefore not required to be liable to be paid by the appellant. - HC Highlights VAT and Sales Tax Fri, 26 Aug 2016 13:56:49 +0530 https://www.taxtmi.com/highlights?id=30934