High Court Rules Compounding Fee Under KVAT Act Applies at Time of Payment, Not Tax Evasion.

High Court Rules Compounding Fee Under KVAT Act Applies at Time of Payment, Not Tax Evasion. https://www.taxtmi.com/highlights?id=34078 Compounding of offences - KVAT Act - For compounding an offence, which of the compounding fees should be paid by the assessee: the one prevailing when the evasion took place or the one prevailing at the time of actual compounding? - The compounding fee as prevailing at the time of the assessee’s deciding to pay it shall alone apply - HC en-us Fri, 31 Mar 2017 05:07:03 +0530 Fri, 31 Mar 2017 05:07:03 +0530 TaxTMI RSS Generator High Court Rules Compounding Fee Under KVAT Act Applies at Time of Payment, Not Tax Evasion. https://www.taxtmi.com/highlights?id=34078 Compounding of offences - KVAT Act - For compounding an offence, which of the compounding fees should be paid by the assessee: the one prevailing when the evasion took place or the one prevailing at the time of actual compounding? - The compounding fee as prevailing at the time of the assessee’s deciding to pay it shall alone apply - HC Highlights VAT and Sales Tax Fri, 31 Mar 2017 05:07:03 +0530 https://www.taxtmi.com/highlights?id=34078