https://www.taxtmi.com/caselaws?id=753091 The Jammu & Kashmir Value Added Tax Act, 2005 treats sale invoices as transaction-specific, so the obligation under section 59 and Rule 63 applies separately to each sale. A defective or false invoice falls within the default described in section 69(1)(k), and the penalty under section 69(1)(xi) is linked to each such default with reference to the tax payable on that individual transaction, subject to the minimum penalty. On that scheme, multiple improper invoices detected on the same day are not merged into one default; each defective invoice is assessed separately for penalty purposes. en-us Wed, 13 Dec 2023 00:00:00 +0530 Sat, 25 May 2024 08:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753091 The Jammu & Kashmir Value Added Tax Act, 2005 treats sale invoices as transaction-specific, so the obligation under section 59 and Rule 63 applies separately to each sale. A defective or false invoice falls within the default described in section 69(1)(k), and the penalty under section 69(1)(xi) is linked to each such default with reference to the tax payable on that individual transaction, subject to the minimum penalty. On that scheme, multiple improper invoices detected on the same day are not merged into one default; each defective invoice is assessed separately for penalty purposes. Case-Laws VAT and Sales Tax Wed, 13 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753091