Penalty upheld as VAT returns were filed by assessee after lower VAT payment on sale of granite

CST & VAT : Where Intelligence Officer having noticed that in respect of sale of granite assessee had paid tax at rate of 4 per cent in place of 12.5 per cent issued upon him a notice on 12-7-2010 proposing to impose penalty under section 67 of Andhra Pradesh Value Added Tax Act, 2003 and thereupon assessee filed revised return on 9-8-2010 and paid differential tax with interest and settlement fee under second proviso to section 25(1), in peculiar facts of case Intelligence Officer was justified