Assistant Manager - Accounts
1432 Points
Joined October 2009
If he is the regular dealer in connection with your business. Then you can raise the Debit Note for Interest and Penalty so that there account will adjust.
Otherwise, Legal Prosecution will be there.
Or You can refer to the case law of High Court of Karnatak FOSROC CHEMICALS (INDIA) PVT LTD. Vs. THE STATE OF KARNATAK [ 2014-VIL-384-KAR]