https://www.taxtmi.com/caselaws?id=153165 Interest under section 7(1-B) of the U.P. Sales Tax Act is chargeable from the day after the return due date at two per cent for every month or part of a month, but a short delay does not automatically become a full month for interest purposes. The provision was construed to require interest only for the actual period of default, including completed months and the remaining days of a partial month. On that construction, where the delay covered only part of a month, interest could not be levied for the whole month and was limited to the actual days of delay. en-us Wed, 31 Mar 1982 00:00:00 +0530 Thu, 18 Jul 2013 17:50:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153165 Interest under section 7(1-B) of the U.P. Sales Tax Act is chargeable from the day after the return due date at two per cent for every month or part of a month, but a short delay does not automatically become a full month for interest purposes. The provision was construed to require interest only for the actual period of default, including completed months and the remaining days of a partial month. On that construction, where the delay covered only part of a month, interest could not be levied for the whole month and was limited to the actual days of delay. Case-Laws VAT and Sales Tax Wed, 31 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153165