https://www.taxtmi.com/highlights?id=62734 Liability of interest - If an assessee fails to file correct returns and furnish required documents, the interest of the revenue cannot compromised. An assessee/dealer cannot take advantage of the lapses committed at a later point of time if subsequently it is found that the turn-over had escaped resulting in evasion of tax by such an assessee/dealer. - If there is a failure to tax in time, the dealers are required to pay interest as payment of Interest is consequential. - HC en-us Sat, 02 Apr 2022 08:33:30 +0530 Sat, 02 Apr 2022 08:33:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=62734 Liability of interest - If an assessee fails to file correct returns and furnish required documents, the interest of the revenue cannot compromised. An assessee/dealer cannot take advantage of the lapses committed at a later point of time if subsequently it is found that the turn-over had escaped resulting in evasion of tax by such an assessee/dealer. - If there is a failure to tax in time, the dealers are required to pay interest as payment of Interest is consequential. - HC Highlights VAT and Sales Tax Sat, 02 Apr 2022 08:33:30 +0530 https://www.taxtmi.com/highlights?id=62734