https://www.taxtmi.com/caselaws?id=364397 Under the Kerala VAT regime, penalty can be sustained where a return omits the full works-contract turnover and discloses only amounts treated as separate sales, because goods supplied by the awarder and incorporated in the contract form part of the taxable turnover on accretion. For penalty purposes, the tax sought to be evaded must be computed on the suppressed turnover as found, and probable input tax credit cannot be deducted. The availability of credit in assessment does not reduce the concealment already established for penalty computation. en-us Mon, 09 Jul 2018 00:00:00 +0530 Thu, 28 Mar 2019 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364397 Under the Kerala VAT regime, penalty can be sustained where a return omits the full works-contract turnover and discloses only amounts treated as separate sales, because goods supplied by the awarder and incorporated in the contract form part of the taxable turnover on accretion. For penalty purposes, the tax sought to be evaded must be computed on the suppressed turnover as found, and probable input tax credit cannot be deducted. The availability of credit in assessment does not reduce the concealment already established for penalty computation. Case-Laws VAT and Sales Tax Mon, 09 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364397