https://www.taxtmi.com/caselaws?id=403115 The court upheld the reassessment and demand for additional tax, ruling that the petitioner, recognized as a star hotel, was liable to pay tax at 12.5% of the taxable turnover, not the compounded rates under Section 8. The court also confirmed the levy of interest under Section 42(3) of the Act but reduced the rate to 6% per annum for the period of pending writ petitions, maintaining the statutory rate for other periods. Ultimately, the court disposed of the writ petitions based on these terms. en-us Mon, 18 Jan 2021 00:00:00 +0530 Wed, 20 Jan 2021 13:47:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403115 The court upheld the reassessment and demand for additional tax, ruling that the petitioner, recognized as a star hotel, was liable to pay tax at 12.5% of the taxable turnover, not the compounded rates under Section 8. The court also confirmed the levy of interest under Section 42(3) of the Act but reduced the rate to 6% per annum for the period of pending writ petitions, maintaining the statutory rate for other periods. Ultimately, the court disposed of the writ petitions based on these terms. Case-Laws VAT and Sales Tax Mon, 18 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403115