Assessee Penalized Under CST Act for Late Return Revision After Penalty Proceedings Began, Violating Section 42(2) Proviso.

Assessee Penalized Under CST Act for Late Return Revision After Penalty Proceedings Began, Violating Section 42(2) Proviso. https://www.taxtmi.com/highlights?id=43104 Imposition of penalty - CST Act - purchase tax not paid - The assessee attempted revision of returns only after penalty proceedings were issued, which is not permissible as per the proviso to Section 42(2). en-us Thu, 06 Dec 2018 06:20:35 +0530 Thu, 06 Dec 2018 06:20:35 +0530 TaxTMI RSS Generator Assessee Penalized Under CST Act for Late Return Revision After Penalty Proceedings Began, Violating Section 42(2) Proviso. https://www.taxtmi.com/highlights?id=43104 Imposition of penalty - CST Act - purchase tax not paid - The assessee attempted revision of returns only after penalty proceedings were issued, which is not permissible as per the proviso to Section 42(2). Highlights VAT and Sales Tax Thu, 06 Dec 2018 06:20:35 +0530 https://www.taxtmi.com/highlights?id=43104