https://www.taxtmi.com/caselaws?id=158179 Section 24(3) of the Tamil Nadu General Sales Tax Act, 1959 authorises interest at two per cent per month on tax remaining unpaid after the due date for the actual period of default. On a three-day delay in remitting tax, the levy was treated as interest for that short default period rather than for a full month, and the demand was considered consistent with the statutory language and not excessive. The stated ratio is that unpaid tax beyond the due date attracts interest at the prescribed monthly rate for the period of default. en-us Fri, 20 Aug 1993 00:00:00 +0530 Thu, 17 Oct 2013 18:16:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158179 Section 24(3) of the Tamil Nadu General Sales Tax Act, 1959 authorises interest at two per cent per month on tax remaining unpaid after the due date for the actual period of default. On a three-day delay in remitting tax, the levy was treated as interest for that short default period rather than for a full month, and the demand was considered consistent with the statutory language and not excessive. The stated ratio is that unpaid tax beyond the due date attracts interest at the prescribed monthly rate for the period of default. Case-Laws VAT and Sales Tax Fri, 20 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158179