Interest on delayed tax payments now applies under Central Sales Tax, with state sales tax provisions governing assessment and collection. Amendment adds interest alongside penalties for delayed payment of Central Sales Tax and inserts a provision making dealers liable to pay interest for delayed payment. The new sub section provides that provisions of each State's general sales tax law concerning due date for payment, rate of interest for delayed payment, and assessment and collection of interest shall apply to Central Sales Tax, treating the tax and the interest under this Act as if they were a tax and interest under the State sales tax law.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Interest on delayed tax payments now applies under Central Sales Tax, with state sales tax provisions governing assessment and collection.
Amendment adds interest alongside penalties for delayed payment of Central Sales Tax and inserts a provision making dealers liable to pay interest for delayed payment. The new sub section provides that provisions of each State's general sales tax law concerning due date for payment, rate of interest for delayed payment, and assessment and collection of interest shall apply to Central Sales Tax, treating the tax and the interest under this Act as if they were a tax and interest under the State sales tax law.
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