https://www.taxtmi.com/circulars?id=11731 A dealer in default must pay simple interest from the date of default, computed daily at the notified annual rate; further tax assessed is due on the same date the net tax was due, and interest on that further tax must be calculated for the period of default and included by the Commissioner in the assessment notice. Provisions for delayed payment and interest under the DVAT law apply to Central Sales Tax liabilities, so non submission of declaration forms can attract the same interest treatment. en-us Fri, 06 Jul 2012 00:00:00 +0530 Thu, 12 Jul 2012 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11731 A dealer in default must pay simple interest from the date of default, computed daily at the notified annual rate; further tax assessed is due on the same date the net tax was due, and interest on that further tax must be calculated for the period of default and included by the Commissioner in the assessment notice. Provisions for delayed payment and interest under the DVAT law apply to Central Sales Tax liabilities, so non submission of declaration forms can attract the same interest treatment. Circulars VAT - Delhi Fri, 06 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11731