https://www.taxtmi.com/acts?id=17917 Failure to collect commodities transaction tax requires payment of the outstanding tax and interest and a penalty equal to the amount not collected. Failure to remit collected tax requires payment of the tax and interest and a daily penalty for the period of default, capped at an amount not exceeding the unpaid commodities transaction tax. en-us Wed, 15 May 2013 10:25:14 +0530 Wed, 12 Nov 2025 18:10:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17917 Failure to collect commodities transaction tax requires payment of the outstanding tax and interest and a penalty equal to the amount not collected. Failure to remit collected tax requires payment of the tax and interest and a daily penalty for the period of default, capped at an amount not exceeding the unpaid commodities transaction tax. Act-Rules F. Acts / Amendment Acts Wed, 15 May 2013 10:25:14 +0530 https://www.taxtmi.com/acts?id=17917