https://www.taxtmi.com/caselaws?id=753091 The HC held that under section 69(1)(k) of the J&K VAT Act, 2005, each improper tax invoice constitutes a separate default regardless of issuance date. The court rejected the argument that 35 improper invoices issued on the same day constitute a single default. Each questionable invoice representing a sale transaction attracts individual penalty of 10 times the tax payable or Rs. 10,000, whichever is higher. The SSTAT erred in considering time duration rather than individual invoices as the basis for default determination. The penalty provision serves as a deterrent against tax evasion, with each afflicted invoice bearing separate penalty liability. 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 HC held that under section 69(1)(k) of the J&K VAT Act, 2005, each improper tax invoice constitutes a separate default regardless of issuance date. The court rejected the argument that 35 improper invoices issued on the same day constitute a single default. Each questionable invoice representing a sale transaction attracts individual penalty of 10 times the tax payable or Rs. 10,000, whichever is higher. The SSTAT erred in considering time duration rather than individual invoices as the basis for default determination. The penalty provision serves as a deterrent against tax evasion, with each afflicted invoice bearing separate penalty liability. Case-Laws VAT and Sales Tax Wed, 13 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753091