https://www.taxtmi.com/caselaws?id=442334 Under a VAT amnesty scheme, tax already paid with the returns could not be re-appropriated towards interest so as to create an artificial shortfall and defeat the promised waiver of interest and penalty. Where the outstanding demand declared under the scheme, the authority's intimation, and the assessment order all matched, prior tax payments had to be treated as payment towards principal tax liability. Interest under the VAT provisions could not be levied on purchase tax that was not shown as due and payable in the return actually filed; the expression "tax due and payable" was confined to that return, not to a return that ought to have been filed. en-us Sat, 19 Aug 2023 00:00:00 +0530 Wed, 30 Aug 2023 07:35:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442334 Under a VAT amnesty scheme, tax already paid with the returns could not be re-appropriated towards interest so as to create an artificial shortfall and defeat the promised waiver of interest and penalty. Where the outstanding demand declared under the scheme, the authority's intimation, and the assessment order all matched, prior tax payments had to be treated as payment towards principal tax liability. Interest under the VAT provisions could not be levied on purchase tax that was not shown as due and payable in the return actually filed; the expression "tax due and payable" was confined to that return, not to a return that ought to have been filed. Case-Laws VAT and Sales Tax Sat, 19 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442334