https://www.taxtmi.com/caselaws?id=333063 Wilful under-declaration of turnover in monthly VAT self-assessment returns attracts the higher penalty provision, while a bona fide mistake may justify only the lesser penalty. The monthly return scheme requires correct disclosure of turnover, tax rate, input tax credit, and payment, and understatement discovered in audit can support a finding of intentional suppression where records show the omitted turnover. Concurrent factual findings by the statutory authorities that the dealer knowingly omitted substantial turnover were accepted, and such evidence-based findings were not reopened in writ jurisdiction merely because another view was possible. Reliance on decisions arising under different statutory settings was treated as inapposite. en-us Tue, 06 Sep 2016 00:00:00 +0530 Sun, 02 Oct 2016 20:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333063 Wilful under-declaration of turnover in monthly VAT self-assessment returns attracts the higher penalty provision, while a bona fide mistake may justify only the lesser penalty. The monthly return scheme requires correct disclosure of turnover, tax rate, input tax credit, and payment, and understatement discovered in audit can support a finding of intentional suppression where records show the omitted turnover. Concurrent factual findings by the statutory authorities that the dealer knowingly omitted substantial turnover were accepted, and such evidence-based findings were not reopened in writ jurisdiction merely because another view was possible. Reliance on decisions arising under different statutory settings was treated as inapposite. Case-Laws VAT and Sales Tax Tue, 06 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333063