VATupdate

VAT Dept Expected to Raise Interest Demand for belated Tax Payments within a Reasonable Time: Madras HC

The Madras High Court, while considering a writ petition, has held that the VAT department shall raise interest demand within a reasonable time under the provisions of the Tamil Nadu VAT Act. The petitioner, M/s Aruna Hotel Limited, is a company and claims to have been in a state of turmoil in terms of its…

Source  Taxscan

 

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