https://www.taxtmi.com/caselaws?id=420400 Interest under the Tamil Nadu Value Added Tax Act is a statutory, compensatory consequence of belated tax payment. Where purchase tax remains unpaid after the due date under the self-assessment regime, interest accrues for the full default period at the prescribed monthly rate, and later departmental action does not defeat that liability. Administrative clarifications cannot override the statute. A limitation-based objection to the interest demand fails because the obligation arises from the delayed payment itself, not from any independent discretionary recovery action. The interest demand was therefore sustained, subject to verification of the calculation. en-us Fri, 04 Mar 2022 00:00:00 +0530 Sat, 02 Apr 2022 08:33:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420400 Interest under the Tamil Nadu Value Added Tax Act is a statutory, compensatory consequence of belated tax payment. Where purchase tax remains unpaid after the due date under the self-assessment regime, interest accrues for the full default period at the prescribed monthly rate, and later departmental action does not defeat that liability. Administrative clarifications cannot override the statute. A limitation-based objection to the interest demand fails because the obligation arises from the delayed payment itself, not from any independent discretionary recovery action. The interest demand was therefore sustained, subject to verification of the calculation. Case-Laws VAT and Sales Tax Fri, 04 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420400