https://www.taxtmi.com/caselaws?id=159933 A dealer who collected sales tax but retained it beyond the prescribed time incurred interest liability automatically under sections 22 and 23 read with rule 5(26); a prior notice of demand was not required, as the retained amount constituted public revenue and rule 31 dispensed with such notice for interest. Relief under section 23A was available only on strict compliance with its conditions, including service of demand notice by 31 March 1995 and payment of all arrears by 31 December 1997. As those requirements were not satisfied, reduction of interest was unavailable. en-us Thu, 13 Aug 1998 00:00:00 +0530 Thu, 05 Dec 2013 16:49:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159933 A dealer who collected sales tax but retained it beyond the prescribed time incurred interest liability automatically under sections 22 and 23 read with rule 5(26); a prior notice of demand was not required, as the retained amount constituted public revenue and rule 31 dispensed with such notice for interest. Relief under section 23A was available only on strict compliance with its conditions, including service of demand notice by 31 March 1995 and payment of all arrears by 31 December 1997. As those requirements were not satisfied, reduction of interest was unavailable. Case-Laws VAT and Sales Tax Thu, 13 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159933