https://www.taxtmi.com/acts?id=10060 Assessees who fail to credit banking cash transaction tax, or any part thereof, to the Central Government within the prescribed period must pay simple interest on the uncredited tax. Interest accrues for every month or part of a month by which the crediting is delayed and is calculated at the statute's prescribed simple monthly rate on the amount of tax not credited. en-us Wed, 22 Oct 2008 13:21:56 +0530 Wed, 22 Oct 2008 13:21:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10060 Assessees who fail to credit banking cash transaction tax, or any part thereof, to the Central Government within the prescribed period must pay simple interest on the uncredited tax. Interest accrues for every month or part of a month by which the crediting is delayed and is calculated at the statute's prescribed simple monthly rate on the amount of tax not credited. Act-Rules F. Acts / Amendment Acts Wed, 22 Oct 2008 13:21:56 +0530 https://www.taxtmi.com/acts?id=10060