https://www.taxtmi.com/caselaws?id=355029 Interest under Section 12-B(2) of the Karnataka Sales Tax Act was treated as payable only where the dealer defaulted in advance tax payment or paid less than the tax reflected in the returns. The Karnataka HC noted that the scheme of Section 12-B links interest to the return-based tax liability, not to a later enhancement arising from rectification under Section 25-A. Where no provisional assessment under Section 12-B(3) had rejected the returns as incorrect or incomplete, and the tax paid matched the returns filed, the rectification-based demand for interest could not be sustained. en-us Fri, 10 Nov 2017 00:00:00 +0530 Fri, 24 Aug 2018 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355029 Interest under Section 12-B(2) of the Karnataka Sales Tax Act was treated as payable only where the dealer defaulted in advance tax payment or paid less than the tax reflected in the returns. The Karnataka HC noted that the scheme of Section 12-B links interest to the return-based tax liability, not to a later enhancement arising from rectification under Section 25-A. Where no provisional assessment under Section 12-B(3) had rejected the returns as incorrect or incomplete, and the tax paid matched the returns filed, the rectification-based demand for interest could not be sustained. Case-Laws VAT and Sales Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355029