https://www.taxtmi.com/caselaws?id=293811 Interest-free sales tax deferral is confined to tax actually collected and declared in monthly returns, so differential tax arising from non-filing of declaration forms cannot be adjusted against the reserved deferral amount. Penal interest under Section 24(3) of the TNGST Act is treated as automatic on delayed payment and does not require prior notice as a condition for levy; an opportunity to object before final proceedings is sufficient to satisfy natural justice. The challenge to both the denial of deferral adjustment and the interest levy was rejected. en-us Wed, 15 Jul 2015 00:00:00 +0530 Thu, 04 Mar 2021 08:23:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293811 Interest-free sales tax deferral is confined to tax actually collected and declared in monthly returns, so differential tax arising from non-filing of declaration forms cannot be adjusted against the reserved deferral amount. Penal interest under Section 24(3) of the TNGST Act is treated as automatic on delayed payment and does not require prior notice as a condition for levy; an opportunity to object before final proceedings is sufficient to satisfy natural justice. The challenge to both the denial of deferral adjustment and the interest levy was rejected. Case-Laws VAT and Sales Tax Wed, 15 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293811