AMIT BAJAJ ADVOCATE

Punjab VAT Tribunal in a very important case namely Surya Batteries V State of Punjab(2011) 39 PHT 333(PVT) has held that the tax liability of a person whose provisional assessment u/s 30(1) of PVAT Act, 2005 is made, is to be determined after he has filed the annual returns in the prescribed form. In such case no penalty is leviable on the assessee till then.