https://www.taxtmi.com/caselaws?id=405628 Interest under Section 7(2) of the Karnataka Tax on Entry of Goods Act applies only to default in payment of tax declared under Section 7(1), while Section 8(2) concerns assessed tax that remains unpaid. Where entry tax on cutting tools was clarified only later and the dealer had already paid the tax before the interest order and well before the clarification, the case did not fall within Section 7(2). The levy of interest was therefore unsustainable, and the Tribunal's view in favour of the dealer was upheld. en-us Thu, 25 Feb 2021 00:00:00 +0530 Mon, 27 Dec 2021 12:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405628 Interest under Section 7(2) of the Karnataka Tax on Entry of Goods Act applies only to default in payment of tax declared under Section 7(1), while Section 8(2) concerns assessed tax that remains unpaid. Where entry tax on cutting tools was clarified only later and the dealer had already paid the tax before the interest order and well before the clarification, the case did not fall within Section 7(2). The levy of interest was therefore unsustainable, and the Tribunal's view in favour of the dealer was upheld. Case-Laws VAT and Sales Tax Thu, 25 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405628