Declaration of Consignment in Form 8FA under KVAT Act is Mandatory: Kerala HC upholds Rs. 1 Lakh Penalty

The Kerala High Court upheld a Rs. 1 lakh penalty for non-declaration of consignment in Form 8FA under the Kerala Value Added Tax (KVAT) Act, 2005. The court set aside the Appellate Tribunal’s order, confirming the penalty on the petitioner for failing to comply with mandatory declaration requirements. The court noted that the petitioner’s actions violated the provisions of the KVAT Rules, justifying the penalty. This decision underscores the importance of adhering to procedural requirements under the KVAT Act to avoid penalties and ensure compliance with tax regulations.