https://www.taxtmi.com/caselaws?id=105323 Interest remained payable on deferred sales tax because the rehabilitation scheme granted only deferment and contained no express waiver of statutory interest. The memorandum of understanding likewise referred only to reliefs and concessions for a sick industrial undertaking and did not undertake to waive interest on the deferred tax. Under the sales tax law, extension of time for payment attracted interest as a statutory consequence, and the special rehabilitation scheme displaced that liability only to the extent of an actual inconsistency. The later government order was treated as a clarification of payment mechanics, not as a waiver. The statutory interest liability therefore continued. en-us Thu, 25 Mar 2004 00:00:00 +0530 Sat, 14 Nov 2015 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=105323 Interest remained payable on deferred sales tax because the rehabilitation scheme granted only deferment and contained no express waiver of statutory interest. The memorandum of understanding likewise referred only to reliefs and concessions for a sick industrial undertaking and did not undertake to waive interest on the deferred tax. Under the sales tax law, extension of time for payment attracted interest as a statutory consequence, and the special rehabilitation scheme displaced that liability only to the extent of an actual inconsistency. The later government order was treated as a clarification of payment mechanics, not as a waiver. The statutory interest liability therefore continued. Case-Laws VAT and Sales Tax Thu, 25 Mar 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=105323