Penal liability u/s. 67 reduced for non-carrying requisite declaration in Form 8FA: Kerala HC

Kiran Jewels (India) Vs State of Kerala (Kerala High Court)

Kerala High Court reduced the penal liability under section 67 of the Kerala Value Added Tax Act instead of penalty equal to twice the tax allegedly sought to be evaded by the petitioner taking note of infringements of rule 66(6) of Kerala Value Added Tax Rules [i.e. carrying declaration in Form 8FA].

Facts- The petitioner partnership is a dealer in gold and diamond jewellery in Mumbai and registered as such under the Maharashtra Value Added Tax Act and the Central Sales Tax Act.

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