https://www.taxtmi.com/caselaws?id=439524 Under the Goa Value Added Tax Act, 2005, a compounding order must stay within the statutory penalty limit; a penalty of Rs. 1,00,000 was described as exceeding the maximum payable under the Act or the applicable notification and was therefore not sustainable. The text also notes that clarificatory observations in such an order, stating that payment of penalty would not confer registration status, input tax credit eligibility, or authority to collect tax on sales, may require correction if they could prejudice a pending assessment appeal. It records that the order was set aside and the matter remitted for fresh decision on penalty in accordance with law. en-us Wed, 16 Nov 2022 00:00:00 +0530 Tue, 27 Jun 2023 08:09:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439524 Under the Goa Value Added Tax Act, 2005, a compounding order must stay within the statutory penalty limit; a penalty of Rs. 1,00,000 was described as exceeding the maximum payable under the Act or the applicable notification and was therefore not sustainable. The text also notes that clarificatory observations in such an order, stating that payment of penalty would not confer registration status, input tax credit eligibility, or authority to collect tax on sales, may require correction if they could prejudice a pending assessment appeal. It records that the order was set aside and the matter remitted for fresh decision on penalty in accordance with law. Case-Laws VAT and Sales Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439524