Delayed payment of VAT attracts interest u/s. 25(4) of GVAT inspite of uncertainty as regard levy to be imposed

United Spirits Ltd Vs Additional Commissioner of State Tax-II (Bombay High Court) Bombay High Court held that interest under section 25(4) of the GVAT on delayed payment of VAT on sales of High Bouquet Spirit (HBS)/Rectified Spirit (RS)/Extra Neutral Alcohol (ENA) justifiable in spite of uncertainty with regard to levy to be imposed on the same. Facts- The Petitioner is engaged in the manufacture, import and export of alcoholic liquors including alcoholic beverages and High Bouquet Spirit (HBS)/Rectified Spirit (RS)/Extra Neutral Alcohol (ENA). HBS/RS/ENA are high concentration alcoholic spir...