Tripura VAT: Audit report not submitted- No penalty if proper notice not issued

Gemini Distilleries (Tripura) Pvt. Ltd Vs State of Tripura (Tripur High Court) It is not in dispute that the petitioner’s turnover was above Rs. 40 lakhs, and the accounts were to be audited in terms of Section 53 of the TVAT Act, 2004, but it is the contention of the petitioner that in the absence of a prescribed format as per Section 53(1) of the Act, 2004, the petitioner could not be made liable for penalty on failure to submit the audited report within the prescribed time. Reliance is placed on a decision of this court in WP(C) 1106 of 2019 and other analogous writ petitions of the same ...